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.
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.
Green recovery: Spur small business climate action for stable economies, says international small business leader
In a world that is dominated increasingly by the effects of climate change, small businesses need more support than ever to keep economies running and citizens happy and healthy. Small businesses, governments and industry leaders alike can work together to build a resilient ecosystem by raising awareness, emphasizing proactivity over reactivity and cultivating accountability.
The U.K. government is squandering an opportunity to move towards a zero carbon future by pumping billions of stimulus cash into fossil fuels and all but neglecting renewable energy, according
Environmental fiscal reforms are an essential building block to steer countries onto a sustainable long-term development path. This paper develops proposals for strengthening the role of market-based environmental policy instruments
This briefing by Earth Track reviews progress among G20 nations in implementing their 2009 commitment to ‘rationalize and phase out over the medium term inefficient fossil fuel subsidies that encourage wasteful
G20 Fossil-Fuel Subsidy Phase Out: A review of current gaps and needed changes to achieve success (Earth Track)
In 2009, the G20 nations committed to ‘rationalize and phase out over the medium term inefficient fossil fuel subsidies that encourage wasteful consumption’. This briefing by Earth Track reviews the reporting and