Following the numbers of the week Agence France Presse writes that the EU is having a re-think about the level of subsidies for renewable energy. Hopefully, whatever happens, there will be a level playing field, as they say. The numbers of the week show the extent of the subsidies for fossil fuels. Last week, the … Continue reading Where are subsidy policies going?
The International Monetary Fund (IMF) recently released advice on Energy Subsidy Reform. Robin Harding wrote an excellent article on the issue for the Financial Times. IMF signals push to scrap energy subsidies The world could solve a large part of its fiscal problems by scrapping $1.9tn* in energy subsidies, the International Monetary Fund said … Continue reading Focus on energy subsidies
The IEA reported in its 2012 World Energy Outlook that there has been a 30 per cent increase in fossil fuel subsidies to about €400 billion in 2011. “Subsidies to fossil fuels continue to distort energy markets,” Fatih Birol, IEA’s chief economist, added. The report goes on that, although renewables will become the world’s second-largest … Continue reading Number of the week – 30