Extractives
News
The world’s largest carbon market is set for a historic revamp. Europe’s shipowners are concerned
The EU is due to propose the biggest revamp of its Emissions Trading System since the policy launched in 2005. Already the world’s largest carbon trading program, the ETS is
Canadian taxpayers have spent at least $23B on pipeline subsidies and supports since 2018: report
As calls to end government subsidies of fossil fuels grow in intensity, a new report finds that Canadian governments have allocated billions of taxpayer dollars to building and expanding new pipelines in the past year alone.
EU pandemic recovery plans set to bailout fossil-fuel companies
Across Italy, France, Portugal and Spain, at least €8.3bn of EU recovery funds are planned to be spent on hydrogen and renewable gases thanks to lobbying from the fossil-fuel industry.
Reports
Towards a green fiscal reform in the Slovak Republic (OECD)
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
Equity, Climate Justice, and Fossil Fuel Extraction: Principles for a Managed Phase Out (OilChange)
As COVID-19 and other factors force an unmanaged decline of oil and gas, a new peer-reviewed study by Greg Muttitt and Sivan Kartha outlines how policymakers can plan for a
The Future of Oil and Fiscal Sustainability in the GCC Region (IMF)
The oil market is undergoing fundamental change. New technologies are increasing the supply of oil from old and new sources, while rising concerns over the environment are seeing the world
