Fossil fuel subsidies
No shortage of public money to pay for a just energy transition
With negotiations underway to establish a new global climate finance goal, wealthy countries are once again trying to shirk their responsibilities
When governments fund fossil fuels, it’s time to take them to court
A new wave of climate litigation is targeting state institutions that are still providing public finance for fossil fuels, despite pledges to turn off the funding tap
US backs Indonesian oil refinery despite pledge to end fossil fuel finance
The US has been accused of “breaking” a key climate financing commitment by approving almost $100m in support for an overseas fossil fuel project
OECD reforms set to give “green” projects better export finance
OECD countries agree to extend support for ‘climate-friendly’ projects. But vague definitions and inclusion of contested activities worry campaigners.
Nigerian airlines win jet fuel subsidy after shutdown threat
After domestic airlines threatened to ground their planes, the government agreed to cover some of their rising fuel costs
Diesel subsidised by €21bn a year in Europe
Amid scandal and a public health crisis, diesel was a major beneficiary of government support for fossil fuels between 2014 and 2016, a report reveals
China emerges as green reformer in vast petrol tax study
Beijing is quietly hiking fuel taxes, finds comprehensive study, but oil-rich countries are *increasing* subsidies for motorists
US and China release fossil fuel subsidy peer reviews
With public assessment of each others’ $15.42bn and $8.2bn in subsidies, China and the US take a big step on transparency, but inch forward on reform
G20 cut ‘n’ paste mocks urgency of fossil fuel subsidy cuts
Failure to agree end to oil, gas and coal subsidies in 2017 will lock yet another generation into a lifetime of dependency on centuries-old energy systems
Insurers worth $1.2tn tell G20 to stop funding fossil fuels by 2020
Climate change is the “mother of all risks” says Aviva CEO, and hundreds of billions in annual government assistance to oil, gas and coal is “simply unsustainable”
Time for divestment and oil subsidy campaigns to join forces?
Investors are less likely to divest if governments continue to prop up the sector with rampant subsidies, aid and investments
How women could benefit from fuel subsidy reform
Subsidies often don’t help women much at all and reforms provide an opportunity to better target support
Crude politics: Reforming Nigeria’s oil sector
A new round of reforms will address fraud, corruption and cronyism in the oil import sector, but they require careful handling by central government
Lessons from Indonesia’s fuel subsidy bonfire
Widely praised as a success when rolled out in 2014, Jakarta’s cuts to domestic oil and gas stored up long term fiscal problems that are now emerging
US, China to publish fossil fuel subsidy peer reviews
Studies being presented at the G20 could kick-start efforts to remove price supports for oil and coal, write Liu Shuang and Hu Min
G20 must act on fossil fuel subsidy reform
COMMENT: Incentives to keep burning polluting fuels don’t make business sense, argues Sandrine Dixson-Declève ahead of Antalya summit
Are major economies putting the squeeze on coal?
ANALYSIS: Upcoming G20 and OECD meetings promise a crackdown on fossil fuel subsidies, but their actions tell a different story
Major economies ‘schizophrenic’ on climate change blasts OECD chief
NEWS: Huge levels of subsidies still flowing to oil, gas and coal sector suggest governments not taking climate threat to heart
China, Qatar and Ukraine top IMF fossil fuel subsidy leagues
NEWS: New figures show how widespread support for oil, gas and coal sector is, highlighting climate and health risks linked to pollution
Fossil fuel subsidies to hit $5.3 trillion in 2015, says IMF study
NEWS: Governments could cut 20% of global greenhouse gas emissions at a stroke if they stopped subsidising oil, gas and coal