News
UNEP-ECLAC SDG 12c1 Indicator Training Workshop
High-level presentation and technical training workshop on Indicator 12.c.1 of the Sustainable Development Goals for Latin America and the Caribbean – “Amount of fossil fuel subsidies per unit of GDP
U.S. pledges to slash solar energy costs by 60 per cent in a decade
The cost of generating power from the sun has dropped more than 80 per cent in the last decade, making it competitive with plants powered by fossil fuels like coal
Emerging economies delay clean energy move as oil prices rise
Large economies have pledged at least $292bn in COVID relief for fossil-fuel intensive industries, researchers say. Rising oil prices are testing the developing world’s resolve to quit fossil fuels. The
Fossil fuel companies get $62B a year in implicit subsidies, economist reports
Matthew Kotchen, an economist at Yale University, has found that fossil fuel companies in the U.S. are getting approximately $62 billion in implicit subsidies every year. In his paper published
UK rules out public subsidy for East African oil pipeline
UK Export Finance will no longer back oil and gas projects overseas, shutting off a potential source of support for a major pipeline across Uganda and Tanzania By Isabelle Gerretsen The
Fossil fuel producers directly benefit from implicit subsidies on climate and health consequences
Fossil fuel producers in the U.S. are directly benefiting from implicit subsidies on the order of $62 billion a year because of inefficient pricing that doesn’t properly account for the
Unpaid environmental damages from fossil fuels are a $600B annual subsidy
Consumers get most of the benefits of unpaid costs, but companies get a slice, too. Arguments about our shift to renewable power often focus on the raw economics of the
Canadian supreme court upholds Justin Trudeau’s carbon tax
Canada’s supreme court has ruled that the federal government can impose a carbon price across the country, reports the Financial Times, despite the protests of some provinces. The six-to-three majority
How to create twice as many jobs by integrating climate policies in COVID-19 economic recovery packages – An illustration from Cyprus
THEODOROS ZACHARIADIS, NESTOR FYLAKTOS, ELIAS GIANNAKIS, CONSTANTINOS TALIOTIS, MARIOS KARMELLOS, MARK HOWELLS, WILL BLYTH, STÉPHANE HALLEGATTE Everybody agrees that a strong policy response to COVID-19 is and will be needed.
