U.N. Secretary-General Antonio Guterres called Thursday on governments not to “throw away” economic stimulus funds by supporting fossil fuel industries that contribute to global warming.
A key challenge facing many resource-rich low- and middle-income economies is how to mobilize and effectively use volatile revenues from resource extraction, while addressing the social and environmental externalities of mining activities, such as groundwater contamination, acid mine drainage, and methane leaks from oil and gas operations. Green fiscal policies have the potential to raise revenue from the extractives sector while addressing its negative impacts.
The Energy and Resources Institute (TERI) released a discussion paper on ‘A Fiscally Responsible Green Stimulus‘ to revive Indian economy by creating demand and jobs
Australian researchers have completed the world’s largest comparative study on carbon pricing and the results are a “crystal clear” message to governments around the world,
2020 was supposed to be the year the EU would launch its ambitious plan to tackle the climate crisis. But why does Europe sabotage its
Trying to cut spending as the pandemic reduces tax revenue, governments are finding it easier to lift restraints on what consumers pay for fuel. To
The European oil refining industry association, whose members includes Shell, BP, ExxonMobil and Total, outlined on Monday (15 June) a €650 billion plan to completely
Governments should use Covid-19 recovery efforts as an opportunity to phase out support for fossil fuels (OECD & IEA)
As governments design stimulus measures for economies hit by the Covid-19 crisis, they should seize the opportunity of historically low oil prices to redirect some
According to this article, a temporary tax hike on gasoline and diesel is one of the fairest, greenest ways to fund post-pandemic economic stimulus packages.
Fossil fuel companies receive US$ 5 trillion in subsidies annually, equivalent to over 6% of global GDP. The International Monetary Fund (IMF), which calculated the
The World Economic Forum launches the “Great Reset” initiative for a better world after the pandemic. The IMF backs the transition to a green economy