Fossil fuel subsidies (USD, billions):
Fossil fuel subsidies with externalities (% of GDP):
Fossil fuel subsidies persist despite the climate crisis. They distort the energy market by keeping fossil fuel prices artificially low. Removing these subsidies must be accompanied by social programmes that will reduce the impact on the poorest household.
China will launch a nationwide carbon emissions trading scheme for the electricity sector in July, the cabinet said on 7 July. The launch of the scheme aims to control and
The Informal Dialogue on Plastics Pollution and Environmentally Sustainable Plastics Trade currently has 16 co-sponsors. Ambassador Chad Blackman of Barbados, one of the Dialogue’s co-coordinators, said the 21 June discussions
In December 2013, China and the United States announced that they would undertake a reciprocal peer review of their fossil-fuel subsidies under the auspices of the G20. These peer reviews were
Green Revenues for Green Energy: Environmental fiscal reform for renewable energy technology deployment in China (IISD and CNREC)
This report by the China National Renewable Energy Centre (CNREC) and the International Institute for Sustainable Development (IISD) reviews international experience in the use of environmental fiscal reform (EFR) and