Fossil Fuel Subsides Archives

Oct 18, 2024

Comment

Why we need new laws to end coal, oil and gas – now

Introducing strong policies to accelerate the rollout of renewables, coupled with a rapid, legally implemented phase-out of fossil fuels, may be our best hope for curbing global warming

Apr 2, 2024

Energy

Zambia’s fossil-fuel subsidy cuts help climate and kids – but taxi drivers suffer

Under pressure from the IMF, the government has redirected subsidies into education, welfare and debt reduction, leaving fuel-heavy sectors with higher costs

Nov 19, 2024

Energy

Coalition against fossil fuel subsidies expands but misses initial targets

The UK, Colombia and New Zealand have joined an alliance of governments planning to scrap their fossil fuel subsidies

Jan 28, 2021

Energy

US plans to end fossil fuel finance overseas, threatens billions in support for oil and gas

Joe Biden has pledged to work to end public funding of ‘carbon-intensive’ fossil fuel projects – a wording campaigners fear leaves the door open to methane gas

Apr 20, 2015

Comment

World Bank cash for fossil fuels: The worst kind of hypocrisy

COMMENT: Increasing support for coal and other climate polluting energy sources undermines the World Bank’s credibility on climate change

Apr 17, 2013

Energy

Governments must back carbon capture technology – IEA

Slow pace of clean technology investment jeopardises climate targets says Maria van der Hoeven

Apr 12, 2013

Finance

Fossil fuel subsidies dwarf green investment – report

Developing countries are spending 75 times more on fossil fuel subsidies than they receive to combat climate change according to a new report by the Overseas Development Institute

Apr 2, 2013

Energy

IMF: scrap $1.9 trillion oil and gas subsidies

Organisation issues roadmap for successful reform of tax breaks and uncompetitive pricing that encourages unsustainable consumption habits and damages the climate

Jan 31, 2013

Energy

OECD: Subsidies to oil and gas companies falling in Global North

Subsidies increased by 30% globally to $523bn but industry’s share is dissipating among richer nations with subsidies to consumers driving the bulk of the growth

Nov 12, 2012

Energy

IEA: Fossil fuel subsidies increased 30% in 2011

Latest World Energy Outlook reveals many Middle East and North African countries increased subsidies in wake of Arab Spring as they look to appease restless populations.

Jul 10, 2012

Politics

Where will the money come from to pay for climate change? Lessons from Day two of UNFCCC finance workshop

Discussions in Bonn turned to identifying specific sources of funding and how they might be able to turned into action on the ground, but old disputes meant there was no clear winner.

Mar 14, 2012

Energy

IEA chief: Stop oil subsidies from meddling with fuel prices

Maria van der Hoeven calls for governments to let high oil prices cut consumer demand.

Mar 9, 2012

News

The week in climate change: Five things we learnt

RTCC takes a look back over at the big headlines this week to see what lessons can be learnt.