Fossil Fuel Subsides
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
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
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
Governments must back carbon capture technology – IEA
Slow pace of clean technology investment jeopardises climate targets says Maria van der Hoeven
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
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
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
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.
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.
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.
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.