News
As Energy Prices Tumble, Developing Countries Trim Subsidies (New York Times)
Trying to cut spending as the pandemic reduces tax revenue, governments are finding it easier to lift restraints on what consumers pay for fuel. To read the full article, refer
WTO talks on curbing fishing subsidies may restart in July (Seafood Source)
There are some signs that talks at the World Trade Organization on ending harmful fishery subsidies may restart next month after being suspended due to the coronavirus outbreak. A Heads
Europe’s oil refiners outline path to climate neutrality by 2050 (Euractive)
The European oil refining industry association, whose members includes Shell, BP, ExxonMobil and Total, outlined on Monday (15 June) a €650 billion plan to completely decarbonise transport fuels by 2050.
German cabinet agrees CO2 price of €25 from January 2021 (Euractive)
Germany’s cabinet agreed on Wednesday (20 May) on changes to the climate package launched last September, and it is now certain that from January 2021, a price of €25 per
Carbon Pricing & The Energy Transition (CleanTechnica)
Read the opinion of Brad Rouse on how carbon pricing can encourage conservation and energy efficiency throughout the economy. To read the full article, refer to the GreenTechnica website.
Governments should use Covid-19 recovery efforts as an opportunity to phase out support for fossil fuels (OECD & IEA)
As governments design stimulus measures for economies hit by the Covid-19 crisis, they should seize the opportunity of historically low oil prices to redirect some of the half a trillion
How to raise an easy $1 billion per day for the Covid-19 recovery (Climate Home News)
According to this article, a temporary tax hike on gasoline and diesel is one of the fairest, greenest ways to fund post-pandemic economic stimulus packages. To read the full article,
Fisheries Subsidies Video Series (IISD)
As part of its work to support a meaningful WTO agreement to discipline harmful fisheries subsidies, the International Institute for Sustainable Development has produced a set of six videos to summarize the
A 5 Trillion Dollar Subsidy: How We All Pay For Fossil Fuels (Forbes)
Fossil fuel companies receive US$ 5 trillion in subsidies annually, equivalent to over 6% of global GDP. The International Monetary Fund (IMF), which calculated the size of the subsidies, explained
