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,
IMF
Climate Change & More Green News Link Bomb (Leo DiCaprio Climate PR, Earth Homes…)
Closing out this series of “link bombs,” here are other cleantech/green news items that don’t fit into the solar energy, wind energy, electric vehicle, and bicycling categories: Climate Change Related Leo DiCaprio Wins Oscar for Best Climate Activist! Leonardo DiCaprio’s Huge Carbon Footprint Leo DiCaprio Talks Climate Change Syria’s Drought Has Likely Been Its Worst … [continued]
Unprecedented Carbon Pricing Leadership Coalition Comes Online
From our correspondent on the spot, Jessica Langerman: The other night, over twenty Citizens Climate Lobby volunteers crammed into a small Paris apartment to absorb the extraordinary news of the day: President François Hollande of France had joined other heads of state as well as World Bank Group President Jim Yong Kim … [continued]
Culling Fossil Fuel Subsidies Would Reduce Emissions By 11%
A new report modelling the removal of fossil fuel subsidies in 20 countries showed such a move would reduce national emissions by an average of 11%. Rampant Fossil Fuel Subsidies The call for an end to renewable energy subsidies can often be heard reverberating around the world, with governments, lobbyists, … [continued]
Unprecedented Alliance Of International Leaders Call For Price On Carbon
An unprecedented alliance of heads of state, city, and state leaders, has called for countries and companies around the world to put a price on carbon. The call comes by way of the Carbon Pricing Panel, a group of leaders from around the world convened by World Bank Group President Jim … [continued]
Carbon Pricing Schemes Have Almost Doubled Since 2012
The World Bank has concluded that carbon pricing schemes globally have almost doubled since 2012, and are now worth about $50 billion. In a new Feature Story on its website, The World Bank Group have praised the efforts of nations, cities, and businesses the world over, for implementing carbon pricing schemes. … [continued]
Amber Rudd Defends Cuts To UK Feed-in Tariff
Amber Rudd, the UK’s Energy and Climate Change Secretary, has defended her government’s decision to cut solar’s access to the country’s popular feed-in tariff scheme. Announced last week, the UK Government revealed the result of its consultation into various renewable energy incentives — including the wildly successful feed-in tariff (FiT) … [continued]
IMF Figures Show UK Government Still Subsidising Fossil Fuel, While Renewables Are Slashed
A new survey from the International Monetary Fund shows that the UK government is still providing billions of pounds in subsidies to fossil fuels, while on the other hand cutting support for renewables. Analysis of the report done by RenewableUK, the country’s wind, wave, and tidal energy trade association, lays out … [continued]
The IMF Just Destroyed The Main Argument Against Clean Energy
Originally published on EnergyPost. by Elias Hinckley A new report by the International Monetary Fund (IMF) finds that energy (fossil fuel) subsidies are “big and rising”. At the presentation of the report, Vitor Gaspar, Director Fiscal Affairs Department at the IMF, noted that most subsidies go to coal and said the … [continued]
Fossil Fuels Subsidies Cost World $5.3 Trillion A Year – $10 Million A Minute
Originally published on RenewEconomy by Sophie Vorrath How large are global energy subsidies? The answer: quite a lot larger than we thought, according to new estimates from the International Monetary Fund, which puts the cost of subsidising fossil fuels at an enormous $5.3 trillion a year, or around $10 million … [continued]
