Removing fossil fuel subsidies would have only a small effect on CO2 emissions and renewable energy use, new research has shown. The largest emissions savings would be in oil and gas exporting countries, where fewer poor people would be affected, and subsidy removal can be aided by currently low oil prices.
Getting rid of massive subsidies for oil, gas and coal will not significantly curb carbon pollution or speed the transition to a greener global economy, researchers said Wednesday, challenging widely held assumptions.
(International Institute for Applied Systems Analysis) Removing fossil fuel subsidies would have only a small effect on CO2 emissions and renewable energy use, new research has shown. The largest emissions savings would be in oil and gas exporting countries, where fewer poor people would be affected, and subsidy removal can be aided by currently low oil prices.
By subsidising fossil fuels, humanity was "investing in its own doom", UN chief Antonio Guterres said Tuesday at a Paris summit seeking to unlock funds for the global shift towards greener energy.
Campaigners call for an end to fossil fuel finance and subsidies to avoid dangerous global warming at a meeting to mark two years since the signing of the landmark agreement The Paris agreement on climate change, ratified by world governments...Show More Summary
During a recent trip to Kentucky coal country, the EPA chief proposed ending renewable energy tax credits. EPA Administrator Scott Pruitt recently proposed eliminating federal tax credits for wind and solar power, arguing that they should...Show More Summary
Government handouts for coal, oil and gas dwarf those for wind and solar.
The economist behind a new study into traffic and fuel prices has urged countries to continue their progress toward eliminating fossil fuel subsidies. He has also drawn attention to the need for Australia to move to a GPS-based road funding system.
Peter Erickson (Stockholm Environment Institute), Adrian Down (Stockholm Environment Institute), Michael Lazarus (Stockholm Environment Institute) & Doug Koplow (Earth Track), Effect of Subsidies to Fossil Fuel Companies on United States Crude Oil Production: Countries in the G20 have committed to phase out ‘inefficient’ fossil fuel subsidies. However, there remains a...
Makes no mention of subsidies fossil fuel industry enjoys.
Taxpayers on Hook for $20 Billion in Dirty Energy Subsidies Annually, New Study Finds Andy Rowell, October 3, 2017 (Oil Change International via EcoWatch) “…U.S. taxpayers are handing out a whopping $20 billion in fossil fuel subsidies...Show More Summary
Study shows oil groups’ addiction to gov. subsidies -- the very thing fossil fuel advocates use to criticize renewables.
European governments and the European Union itself are together handing out more than €112 billion a year in fossil fuel subsidies, with almost all of it going towards the transport sector, according to a new report published this week. Europe...Show More Summary
Anti-cleantech companies, think tanks, politicians, and messengers like to talk a lot about renewable energy and electric car subsidies. Meanwhile, they pretend to think that fossil fuels have gotten no subsidies and continue to get no subsidies. Show More Summary
Direct and indirect fossil fuel subsidies worldwide total $5 trillion according to a new study, Global Fossil Fuel Subsidies Still Total More Than $5 Trillion Annually was originally published on CleanTechnica. To read more from CleanTechnica, join over 50,000 other subscribers: Google+ | Email | Facebook | RSS | Twitter.
Today’s comic by Jen Sorensen is Playing the country card: • Study—Global subsidies for fossil fuels top $5.3 trillion (with a “t”): The study published in the journal World Development found that subsidies were $4.9 trillion in 2013 and rose to $5.3 trillion in 2015. Show More Summary