G-7

Bonn Meeting Revs Up World Climate Change Efforts

A ten-day meeting to hone the draft text of the Paris 2015 universal climate agreement has begun in Bonn, Germany. Presidents of the UN Framework Convention on Climate Change’s Lima COP20 (Manuel Pulgar-Vidal, the deft and diplomatic Environment Minister of Peru) and the upcoming Paris COP21 meetings (Laurent Fabius, who is … [continued]

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). Here’s IMF’s basic … [continued]