Author: Himanshu Sharma

Role of Fiscal Policies in a Green COVID-19 Recovery: Experience, Best Practice and Next Steps in the Asia-Pacific Region

This workshop, organized by GFPN and UNESCAP, explored the potential role of green fiscal policies in greening the Covid-19 recovery with the aim of supporting public health efforts, reducing environmental and climate change risks, and strengthening resilience to future crises by embedding inclusive and sustainable socio-economic considerations in national economic planning.

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Fossil fuel industry gets subsidies of $11m a minute, IMF finds

The fossil fuel industry benefits from subsidies of $11m every minute, according to analysis by the International Monetary Fund. The IMF found the production and burning of coal, oil and gas was subsidised by $5.9tn in 2020, with not a single country pricing all its fuels sufficiently to reflect their full supply and environmental costs.

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Street view in London

Britain’s confused approach to carbon pricing

A reluctance to raise the cost of natural gas is understandable, given that poorer households spend more of their income on heating their homes. But it only further underscores the importance of joined-up, coherent thinking about how Britain can hit its net zero emissions target by 2050.

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