IMF urges countries to raise carbon price floor ahead of Cop26
2021-09-08
Global lender’s head Kristalina Georgieva calls on countries to step up their $100bn climate finance pledges.
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Category: Subsidy
UK government reveals plans for £4bn hydrogen investment by 2030
2021-08-27
The government hopes to attract at least £4bn of investment to the hydrogen economy by 2030 under plans to produce the equivalent of enough hydrogen to replace fossil fuel gas for heating and cooking in about 3m households in the UK.
Ending subsidies that harm nature could create millions of green jobs, WWF says
2021-08-23
Moving government support for environmentally damaging industries into green sectors like recycling and sustainable forest management could boost employment, report finds.
Regenerative farming shift could reduce UK climate emissions, say experts
2021-08-13
Under new subsidy plans announced by his department, farmers will be offered up to £70 per hectare to take up regenerative techniques, including mixed farming systems where crops are cultivated alongside livestock to help boost soil health.
In defiance of NGOs, EU backs fuel subsidies for its fleet at WTO talks
2021-08-13
The negotiating team for the European Union at the ongoing World Trade Organization talks on harmful fishery subsidies is insisting that any deal allow for continued tax exemptions for fuel purchases.
Job Opening – Consultant for Fiscal Policy
2021-08-11
The Economics and Trade Policy Unit at UNEP is hiring a consultant for fiscal policy. The application deadline is 28 August.
Can WTO stop fishing subsidies and protect our marine environment?
2021-07-26
Every year, governments pay billions of dollars to their fishing industries to carry on fishing even though stocks are seriously depleted. The Geneva-based World Trade Organisation (WTO) is holding a ministerial conference on July 15 to seek an agreement on banning harmful fisheries subsidies, a main factor in overfishing.
How Asean’s Covid-19 recovery measures are missing opportunities for a green future
2021-07-26
Few countries in the region have tied green components to their stimulus packages, which contain some environmentally harmful measures. Green recovery policies and strategies can help put a country on the path to economic recovery while bringing environmental and sustainability benefits.
‘Reckless’: G20 states subsidised fossil fuels by $3tn since 2015, says report
2021-07-22
The G20 countries have provided more than $3.3tn (£2.4tn) in subsidies for fossil fuels since the Paris climate agreement was sealed in 2015, a report shows, despite many committing to tackle the crisis.
Fiscal policies against climate change can help create 15 million jobs — IDB
2021-07-19
The Inter-American Development Bank (IDB) is recommending that finance and planning ministries in Latin American and the Caribbean (LAC) consider fiscal policies to accelerate the transition to green economies and pave the way for the region to meet decarbonisation goals.
