On September 25, the U.S. and China released a joint presidential statement on climate change. While most people focused on China’s new cap-and-trade regime, there was a buried headline that may have even bigger implications for climate and for the future of coal: China pledged to strengthen regulations “with a view to strictly controlling public … Read More
Today – just a few months before landmark climate change negotiation in Paris – a little-known working group within the OECD met to discuss a big issue: should rich countries continue to push dirty coal technologies overseas, or should they finally set some limits on financing climate destruction? The question is an important one, as a … Read More
September 2, 2015 To: G20 Finance Ministers CC: Prof. Dr. Ahmet Davuto?lu, Deputy Prime Minister Ali Babacan, Deputy Undersecretary for Turkish Treasury Cavit Da?da?, Ambassador Feridun Sinirlio?lu RE: Delivering on G20 Commitment to Phase Out Fossil Fuel Subsidies Dear G20 Finance Ministers, In the lead-up to the G20 Summit in November, we – 63 civil … Read More
G20 leaders first pledged to end fossil fuel subsidies back in 2009. Almost six years later, and despite reiterating that vow each and every year, they have precious little to show for it.
Although Alaska’s budget troubles have made headlines lately, it’s shouldn’t come as a surprise that a sharp drop in oil prices has put a state with a noted overreliance on oil and gas revenues in a financial bind. But in the midst of Alaska’s dire budget woes, how many people know that, when it comes … Read More
The U.S. Export-Import Bank (Ex-Im) provides financing and insurance for the export of U.S. goods abroad, including an average of over $4 billion dollars each year over the last 7 years for oil, gas and coal projects. Ex-Im’s authorization, which needs to be renewed periodically by Congress for the Bank to stay in business, has … Read More
The next six months offer a crucial window to phase out dirty energy subsidies as the world moves towards an agreement at the UN climate talks in Paris this December. Outcomes of three meetings in June – the G7 Leaders’ Summit, the meetings of the Organization for Economic Cooperation and Development (OECD), and the UN … Read More