Fossil fuel subsidies (USD, billions):
Fossil fuel subsidies with externalities (% of GDP):
Irish farmers continue to see annual payments penalised for maintaining biodiversity hotspots despite concerns raised by the State over the climate and biodiversity crises.
Greta Thunberg’s accusation that world leaders are guilty of ‘blah, blah, blah’ in the face of the escalating climate crisis is ‘spot on’, according to a trio of new reports released today, which warn the opportunity provided by the coronavirus crisis to introduce sweeping fossil fuel subsidy reform and ambitious green stimulus packages is being squandered.
Moving the economy to net zero – emitting less carbon dioxide than it consumes – will be messy and expensive unless the government has a radical rethink about how to simplify its approach to taxing greenhouse gas production.
The OECD-IEA Inventory of Support Measures for Fossil Fuels provides updated fossil fuel support data for 34 OECD member countries and six partner countries, including