To ensure the low-carbon energy transition it is necessary to address the use of subsidies for fossil fuels. A new study by the International Institute for Sustainable Development (IISD) Global Subsidies Initiative and the Overseas Development Institute (ODI) provides a comprehensive assessment of the adverse impact of such subsidies. Ending Fossil Fuel Production Subsidies … Continue reading New report on benefits of ending fossil fuel subsidies
Regularly we read about consumption or production subsidies that give fossil fuels a big advantage over low carbon alternatives. Clifford Krauss writes a good article in the New York Times about the difficulties in removing the, yet also on the impact of keeping them. Global Governments, Loath to Change, Are Wasting Oil With Subsidies … Continue reading Subsidies are slowing the energy transition
There is a long road ahead to eliminating unnecessary subsidies to fossil fuels. Fortunately, China and the US have started the transparency process. The International Institute for Sustainable Development writes about the recently released voluntary peer reviews of both China and the United States. IISD Welcomes Transparency on Fossil Fuel Subsidies by China and … Continue reading US and China release fossil fuel subsidy peer reviews
With leaders of the G20 meeting this week in Hangzhou, China, it is timely for some of the world’s biggest insurers to call on the G20 to speed up the energy transition by ending fossil fuel subsidies. Karl Mathiesen describes the call by insurers in The Guardian. Will we see leaders call for the end … Continue reading Wake up call from insurance industry to speed energy transition away from fossil fuels
It is hard to get anyone to agree to new subsidies, but convincing conservatives is even more difficult. Ben Ho, an economics professor at Vassar and Columbia as well as the lead energy economist for the White House Council of Economic Advisers from 2006 to 2007 provides quite a convincing argument. As he states, not … Continue reading Making a convincing argument for subsidies on solar energy
It is always good to get different views on EiD. Ryan M. Yonk, an assistant professor of research at Utah State University and Jordan Lofthouse, a policy analyst at Strata, argue on The Hill website that the costs for making many renewable energy technologies more reliable are simply not worth it. I wonder if you … Continue reading Arguing against more support for renewables
The OECD took a bold step this week to rein in export subsidies for coal power stations, writes Pilita Clark in the Financial Times. This is a welcome move before the global climate summit starting in only a few days. Export subsidies for coal power stations reined in by OECD A group of the … Continue reading Finally scaling back subsidies that harm our environment
The question is raised by Kate Gordon, vice chair at the Paulson Institute in a blog on the Wall Street Journal website. What do you think? Why Renewable Energy Still Needs Subsidies The wind-energy sector won a long-fought battle in mid-July, when the Senate Finance Committee voted to extend the production tax credit, the … Continue reading If renewable energy is getting so cheap, why do we still need policies and subsidies to support it?
In recent months, the British government has been slashing subsidies for sustainable energy. We can argue about the wisdom of those decisions but Assaad W Razzouk, CEO of Sindicatum Sustainable Resources, writes on the Huntington Post website that this is actually a positive development. What are your views? Why Cutting Solar Subsidies Will Speed … Continue reading Are the proposed cuts in solar subsidies in the UK a blessing in disguise?
Pilita Clark writes a good article in the Financial Times about Siemens’ concerns about the British government’s scrapping of many subsidies for renewable energy. They worry that “doubt and uncertainty discourages investment decisions” Siemens weighs into UK green energy row One of the world’s biggest industrial conglomerates has weighed into a row about green … Continue reading Business starts to raise concerns about UK government’s reduction of subsidies for renewable energy