Tag : Fossil Fuel Subsidies

18 Nov 2015

Coal left friendless as UK and wealthy nations cut ties

It’s been another devastating week for coal as the UK becomes the first major economy to put a date on a phase out of coal, and OECD countries limit financing for the dirty energy source.

17 Nov 2015

G20 leaders miss major opportunity to be bold on climate

Less than two weeks out from the UN climate talks in Paris, G20 leaders, meeting in Turkey this week, missed a major opportunity to take a bold stand on climate change.

12 Nov 2015

G20 fossil fuel subsidies four times higher than renewables support

Despite their repeated pledges to phase out fossil fuel subsidies, G20 countries – which produce about three-quarters of global emissions collectively – are still pouring nearly four times more support into coal, oil and gas than renewable energy gets globally, a new report shows.

23 Sep 2015

OECD urges end to fossil fuel support policies

World should abandon fossil fuel support policies which belong in a past when healthy economies depended on pollution, say wealthiest nations.

09 Sep 2015

G20 countries still subsidising fossil fuel industry despite commitments to a phase-out

In the run-up to the G20 Leaders’ Summit, Turkey can be the first to walk its talk by beginning to phase out subsidies to fossil fuel producers. If other G20 governments follow suit, they could send a signal of real change at a pivotal moment.

22 May 2015

Fossil fuels subsidised by $10m a minute, says IMF

IMF reveals ‘shocking’ subsidy estimate of $5.3tn every year, an amount higher than the total health spending of global governments.

13 May 2015

World Bank urges three key steps for a carbon-free future

A new World Bank report Decarbonizing Development: Three Steps to a Zero Carbon Future sets out key recommendations for a carbon-free future.

14 Nov 2014

Pressure mounts on G20 governments to drop fossil fuels

As world leaders meet in Australia for the G20 meeting, analysts, youth and religious leaders are all urging the heads of government of the biggest economies of the world to turn their back on fossil fuels, by ending their financial support for dirty energy.

26 Feb 2014

Iran may cut deadly emissions with a carbon trading scheme

Iran may soon launch a carbon trading market in an effort to reduce greenhouse gas emissions and slow the country’s contribution to climate change.