16 November 2017 – Germany and Mexico released their voluntary peer reviews of fossil fuel subsidies under the G-20 during COP23 in Bonn. This publication is a step towards more transparency
15 November 2017 – Governments should put a price on carbon emissions to help combat global warming and stop making bad bets on fossil fuels, U.N. Secretary-General Antonio Guterres said at
15 November 2017 – The Brazilian government proposed tax relief up to US $300 billion to companies that develop offshore oilfields that opponents claim would use up 7% of humanity’s
From mid-2014 Kuwait has experienced a substantial drop in its oil export price and, consequently, government revenue, causing a severe fiscal deficit and impaired economic performance. Cutting energy subsidies has
10 November 2017 – New Zealand Prime Minister Jacinda Ardern called for an end to subsidies for fossil fuels at the APEC CEO’s Summit. Ardern has frequently described climate change
9 November 2017 – In April 2017, prime ministers of the Nordic countries launched a joint initiative – Nordic Solutions to Global Challenges. Fossil fuel subsidy reform was presented as
This study by researchers Robert Pollin, Heidi Garrett-Peltier and Jeannette Wicks-Lim from the Political Economy Research Institute (PERI) of the University of Massachusetts Amherst examines the benefits of large-scale investments
The Government of Indonesia is considering reform of its consumer subsidies for liquefied petroleum gas (LPG) due to its rising fiscal cost: IDR 25 trillion (USD 1.9 billion) in 2016:
The message is by now clear: our global economy must be fundamentally reoriented and redeployed in order to achieve the SDGs and the commitments of the Paris Climate Agreement. This
In a world of low commodity prices the potential for conflict between hydrocarbon producers and governments over tax revenues is exacerbated. In Russia this is even more true because the
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