Fossil fuel subsidies (USD, billions):
Fossil fuel subsidies with externalities (% of GDP):
Taxpayer-funded farm subsidies have long been skewed in favor of the richest farmers and landowners. But under the Trump administration, even more money went to the largest and wealthiest farms, further shortchanging smaller, struggling family farms.
Fossil fuel and mining companies would contribute billions toward conservation programs under a new proposal in the United States Congress.
The measure, if approved, will force EU businesses to pay a carbon levy for goods they import from outside the bloc. The problem is that some nations might not want to go down the carbon neutrality route as fast as the EU.
Gilbert Metcalf and James Stock Results from two recent analyses suggest that implementing a carbon tax has no discernible detrimental effects on employment and GDP growth. Economists
The U.K. government is squandering an opportunity to move towards a zero carbon future by pumping billions of stimulus cash into fossil fuels and all
As more world leaders consider levying border taxes on climate-damaging goods, a new study looks at ways it can be done in countries—including the United States—that haven’t established a domestic market for carbon emissions.
Unequal Exchange: How US Taxpayers Shoulder the Burden of Fossil Fuel Development on Federal Lands (Oil Change International)
Fossil fuel production on federal land is a major contributor to greenhouse gas pollution, accounting for 28% of total US energy related emissions. Yet there