Trend Results : Fossil Fuel Subsidies


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Morocco boldly pledges to slash fossil fuel subsidies

While U.S. taxpayers continue to subsidize the world’s biggest fossil fuel companies, the African desert kingdom of Morocco just announced it plans to phase out payouts to companies pumping fossil fuels. According to Responding to Climate Change made

Morocco pledges to ax fossil fuel subsidies

A level playing field for renewables is about to get a step closer, at least in Morocco.

The IMF Just Destroyed the Best Argument Against Clean Energy

Fossil fuel supporters have insisted that wind and solar are far “too expensive” to replace fossil fuels. A recent report published by the IMF has put a price on the direct and indirect subsidies that support fossil fuels as a counter argument to the renewables are “too expensive” message. The numbers are staggering. read more

Africa’s Advocates Say Fossil Fuel Subsidies Must Go

3 weeks agoNews : Truthdig

By Alex Kirby, Climate News Network With more than 600 million people in sub-Saharan Africa still lacking access to electricity, the continent is being urged to take a leading role in crucial climate negotiations.

Ending the $73 Billion in Public Financing for Overseas Coal Projects

Countries -- particularly the G20 and G7 groups of countries -- have made repeated commitments to both fight climate change and end fossil fuel subsidies, yet billions of dollars' worth of government support continues to flow towards fossil fuels and, incredibly, towards overseas coal projects. Show More Summary

Ending the $73 Billion in Public Financing for Overseas Coal Projects

Count ries have made repeated commitments to both fight climate change and end fossil fuel subsidies - particularly the G20 and G7 group of countries. And yet, billions of dollars' worth of government support continues to flow towards fossil fuels and, incredibly, towards overseas coal projects. Show More Summary

Reflections From Below The Fossil Subsidy Iceberg

As close observers have long suspected, governments historically underestimate the cost subsidies for fossil fuel exploration, development, and production. By far. The International Monetary Fund has just calculated far in a study distributed by its Fiscal Affairs department: How Large Are Global Energy Subsidies? (IMF working paper 15/105). Show More Summary

When a fossil fuel subsidy is not a subsidy

You may have seen an IMF report in the news last week claiming that fossil fuels are subsidised to the tune of over five trillion dollars every year. This made good headlines, but only because the IMF chose to describe untaxed externalities as ‘post-tax subsidies’. This is unusual and misleading. I wrote about why in […]

The IMF Just Destroyed The Main Argument Against Clean Energy

Originally published on Energy Post by Karel Beckman A new report by the International Monetary Fund (IMF) finds that energy (fossil fuel) subsidies are “big and rising”. At the presentation of the report, Vitor Gaspar, Director Fiscal...Show More Summary

Report: Fossil Fuels Receive $5.3 Trillion A Year In Subsidies Worldwide

Governments spend $492 billion a year propping up fossil fuel companies -- it costs us 11 times that much to address the damage they cause. The post Report: Fossil Fuels Receive $5.3 Trillion A Year In Subsidies Worldwide appeared first on ThinkProgress.

Fossil Fuels Subsidies Cost World $5.3 Trillion A Year – $10 Million A Minute

Originally published on RenewEconomy by Sophie Vorrath How large are global energy subsidies? The answer: quite a lot larger than we thought, according to new estimates from the International Monetary Fund, which puts the cost of subsidising fossil fuels at an enormous $5.3 trillion a year, or around $10 million a minute every day. Show More Summary

The IMF Just Destroyed the Best Argument Against Clean Energy

Eli Hinckley covers a a recent report published by the International Monetary Fund that has put a price on the direct and indirect subsidies that support fossil fuels as a counter argument to the renewables are “too expensive” messa...

Government Fossil Fuel Subsidies Total a ‘Shocking’ $5.3 Trillion

Dramatically higher than previously estimated, fossil fuel subsidies exceed what the world's governments spend on health care, according to the International Monetary Fund. What's more, they're likely to remain this high -- despite fossil fuels being the largest source of greenhouse gas emissions, the main culprit driving climate change.

The Fossil Fuel Industry Receives $10 Million Every Minute in Subsidies

last monthNews : Vice News

The International Monetary Fund says the $5.3 trillion in subsidies going to the fossil fuel industry this year is more than that spent globally on health care.

QUICK NEWS, May 19: FOSSIL SUBSIDIES AND THE DAMAGE DONE; NO CAROLINA’S FIGHT FOR NEW ENERGY; GE COMPUTERIZES WIND

FOSSIL SUBSIDIES AND THE DAMAGE DONE Global energy subsidies fuel climate change, says IMF study Shawn Donnan, May 18, 2015 (Financial Times) “Governments around the world will subsidise the cost of oil, gas and coal to the tune of $5.3tn...Show More Summary

Big Oil Gets $10 Million From Taxpayers Every Minute (Video)

last monthNews : Truthdig

zooboing / (CC BY 2.0) Governments give fossil fuel companies $5.3 trillion in subsidies every year—the equivalent of $10 million every minute of every day and more than the world spends on healthcare, a new estimate by the International...Show More Summary

IMF: To reduce pollution, cut energy subsidies

Taxpayers help bankroll $5.3 trillion in aid to fossil fuel producers -- more than total global spending on public health

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