IMF Head Advocates For End Of Fossil Fuel Subsidies At COP28 Climate Summit
Fossil fuel subsidies can be put to a higher purpose, the head of the IMF told delegates to COP28 in Dubai this week.
IMF
Oil, Coal, & Gas Got $5.9 Trillion In Subsidies In 2020 — IMF Report
Direct and indirect subsidies for fossil fuels reached an all time high in 2020.
Artificial Intelligence Is An Amazing Disruptor, But Has A Major Impact On Unskilled Workers
Robots, artificial intelligence, and other machine learning devices may decrease opportunity in less wealthy countries.
Increased Resilience Is Necessary To Battle The Pandemic & The Climate Crisis
Financial deliberation to rebuild after the pandemic should be directed to climate crisis mitigation.
Investors: It’s Time To Calculate Climate Crisis Risks
Global temperatures that are set to rise by 3 degrees Celsius by the end of the century are set to wreak havoc on the markets.
Global Carbon Taxes: Are We Paying Enough?
Last month, the IMF released its Fiscal Monitor, a biannual report on how to mitigate climate change. The report argued that it is possible to switch from a reliance on fossil fuels to cleaner energy and still sustain vigorous economic growth and generate employment. However, for this to take place, countries needed to distribute the costs and benefits in a manner that supported those that really needed it.
US Subsidizes Fossil Fuels To The Tune Of $4.6, $27.4, Or $649 Billion Annually, Depending…
In 2022, new wind energy will get zero financial assistance of any kind and new solar will get very little, while fossil fuels will continue to get $4.6 billion annually in the best possible accounting, $27.4 billion in a reasonable accounting and $649 billion in a full accounting including negative externalities.
Yes, The International Monetary Fund Is Waking Up To Financial Risks Of The Climate Crisis
It’s a sign of the times that even the International Monetary Fund (IMF) is exploring ways in which it can help address the climate crisis. Building on two new IMF papers released last week and Managing Director Christine Lagarde’s eight years of leadership, this mainstay of traditional economic thought is lending its voice and unique mandate to the cause of tackling climate change.
Social Cost Of Coal Must Now Be Considered By Washington Utilities
The Washington Utilities and Transportation Commission has issued a directive to three utility companies in the state telling them to include the social cost of coal in their future planning. Under the new guidelines, the cost of coal calculation will be $42 per metric ton by 2020 and rise to $60 per metric ton by 2040.
Global Fossil Fuel Subsidies Still Total More Than $5 Trillion Annually
Direct and indirect fossil fuel subsidies worldwide total $5 trillion according to a new study,
