A new report from the New Climate Economy highlights lessons learned from 15 countries who have undertaken reforms of fossil fuel subsidy policy. The paper, Fossil Fuel Subsidy Reform: From Rhetoric to Reality, was partly responsible for the 2015 New Climate Economy report, and now goes further in an effort to … [continued]
A new report has concluded that members of the G20 are providing $452 billion per year on fossil fuel production subsidies. Despite numerous pledges to minimize or cut fossil fuel subsidies entirely, and amid tremendous international and public pressure, member nations of the G20 major economies are doing all they … [continued]
International leaders, cabinet-level ministers, institutional stakeholders, nongovernmental organizations, business entities, and other representatives gathered this week at the Third International Conference on Financing for Development in Addis Ababa, Ethiopia. The meeting has played a key role in shaping discussions over financing for climate change mitigation and adaptation. (Video here.) The … [continued]
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). Here’s IMF’s basic … [continued]
Almost everyone in the media has taken a stab at summarizing, if not snap-judging, the results of Secretary-General Ban Ki-moon’s one-day UN climate summit last week. The meeting had a real name, but Robert N. Stavins in his New York Times runup to the conference was the only writer I … [continued]
