Fossil fuel subsidies (USD, billions):
Fossil fuel subsidies with externalities (% of GDP):
The idea is simple. Companies that extract fossil fuels should be responsible for ensuring the same amount of CO₂ generated from using them is buried back deep underground.
Pacific Islands called for a price on shipping pollution, tepid support from European nations
P4G Seoul Summit unites world leaders for inclusive green recovery, serves as stepping stone for next climate COP
P4G Seoul Summit wrapped up on May 31, proclaiming global inclusive green growth in Seoul Declaration. The Summit called for global cooperation in climate change response;
This report by the Overseas Development Institute (ODI) reviews subsidies to coal in 10 countries that produce 84% of Europe’s energy-related greenhouse gas emissions: France,
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