Tagged with energy subsidies

European governments often appear to champion low-carbon policies yet, in 2017, EU countries collectively spent US$87 billion subsidising the cost of fossil fuels

European governments often appear to champion low-carbon policies yet, in 2017, EU countries collectively spent US$87 billion subsidising the cost of fossil fuels

We all know that fossil fuels are still heavily subsidised but it is still a surprise to see the extent of them.  Radek Stefanski, Senior Lecturer in Economics at the University of St Andrews discusses the subsides in an article on The Conversation website.  With the President-elect for the European Commission, Ursula von der Leyen … Continue reading

New IISD report on how to pay for an energy revolution

New IISD report on how to pay for an energy revolution

Catherine Benson Wahlén writes on the SDG Knowledge Hub website of the International Institute for Sustainable Development (IISD) about a new report from IISD that calls for policymakers to promote clean energy as part of fossil fuel reforms.   IISD Report Showcases How Countries Implement Clean Energy Swaps The International Institute for Sustainable Development’s (IISD) … Continue reading

Transferring fossil fuel subsidies to clean energy could yield major savings in dollars and GHG emissions

Transferring fossil fuel subsidies to clean energy could yield major savings in dollars and GHG emissions

A new report from the Nordic Council of Ministers finds that redirecting fossil fuel subsidies toward the clean energy transition could help climate vulnerable countries reap major savings while slashing greenhouse gas emissions. This is according to a study by the International Institute of Sustainable Development (IISD) Global Subsidies Initiative (GSI) and Gaia Consulting, “Making … Continue reading

Will subsidies for fossil fuels ever end?

Will subsidies for fossil fuels ever end?

Once again we read about subsidies for fossil fuels. Ian Johnston writes in the Independent that files sent accidentally to Britain’s top satirical magazine, Private Eye, shows that the British government has been providing financial support for fossil fuel development overseas. It is encouraging that Britain is one of the most generous countries providing foreign … Continue reading

The worrying scale of America’s subsidies for fossil fuels

The worrying scale of America’s subsidies for fossil fuels

While there are growing concerns about how the Trump Administration is dismantling the country’s sustainable energy policies, Radek Stefansky, Lecturer in Economics at the University of St Andrews writes on The Conversation website about the increasingly worrying scale of subsidies for fossil fuels.   America’s ‘hidden subsidies’ for fossil fuels are worth $170 billion a … Continue reading

New report on benefits of ending fossil fuel subsidies

New report on benefits of ending fossil fuel subsidies

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