Extractives
News
End fossil fuel subsidies and reset the economy for a better world (IMF & World Economic Forum)
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
How Covid-19 could help eliminate fossil fuel subsidies (Prospect)
As oil-exporting countries struggle to respond to the crisis, there is a way to make critical fiscal resources available. To read the full article, refer
Fossil Fuel Subsidies and Taxation: Two Sides of the same Carbon Coin (BNE)
Generous government subsidies around the world are, even now, enabling the extraction and burning of fossil fuels that would otherwise remain in the ground. A
Reports
Canada’s Federal Fossil Fuel Subsidies in 2020 (IISD)
Canada has announced plans to achieve net-zero emissions by 2050 but is currently not on track to meet its 2030 emissions reduction target. Meanwhile, fossil
Exploring the Trade Impacts of Fossil Fuel Subsidies (GSI)
In recent years, growing attention has been given in various contexts to fossil fuel subsidies and the need to reform them. Discussion on the topic,
Effect of subsidies to fossil fuel companies on United States crude oil production (Nature Energy)
Countries in the G20 have committed to phase out ‘inefficient’ fossil fuel subsidies. However, there remains a limited understanding of how subsidy removal would affect fossil
