Pressure builds on Biden after EU promises to act on fossil fuel subsidies
President Joe Biden has made good start on climate change. But one area that the President is coming under pressure is to take action over fossil fuel subsidies and finance.
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EU foreign ministers commit to push for end to fossil fuel subsidies and finance; pressure builds on United States to follow suit
“Ending government support for fossil fuels is a no-brainer. Globally, governments are still propping up fossil fuels with huge sums of public money, behaviour that is incompatible with keeping global warming below 1.5ÂşC,” said Laurie van der Burg.
Past Time for Action: Subsidies and Public Finance for Fossil Fuels in the Netherlands
Amidst a climate crisis and global pandemic, it’s essential that countries develop public finance packages that phase out fossil fuel production and invest in a just, green transition toward renewable energy that benefits communities and industry workers. While the Netherlands has committed to redirect financial flows from fossil fuels to climate action, this report reveals that the Dutch Government continues to provide billions — at least €8.3 billion per year — in taxpayer backed support for the production and use of fossil fuels.
Report: The Netherlands fails to meet 2020 deadline for ending fossil fuel subsidies
Amidst a climate crisis and global pandemic, a new analysis from Friends of the Earth Netherlands and Oil Change International reveals that the Dutch government continues to provide billions — at least €8.3 billion per year — in taxpayer backed support for the production and use of fossil fuels. By ending fossil fuel subsidies, the Netherlands could free up resources to invest in a just and green recovery from COVID-19, whilst reducing greenhouse gas emissions by 7.7% by 2025.
G20 Coal Subsidies: Tracking Government Support to a Fading Industry
G20 governments continue to provide billions of dollars for the production and consumption of fossil fuels. This report finds that they provide at least USD $63.9 billion per year in government support to the production and consumption of coal alone, with almost three-quarters of the support identified being directed to coal-fired power production.
UK: Child poverty the “new normal,” as oil industry gets billions in subsidies
We live in a climate emergency, British children live in poverty in record numbers. Young people rightly care about climate change in ever increasingly numbers. It does not have to be this way. The solution is there, we just need the political will to make it happen. We need a just transition now.
Budget 2019 Reaffirms Canada’s Commitment to Remove Subsidies to Oil & Gas, Yet Offers New Handouts to the Sector
Despite moderate progress in the 2017 budget, Canada remains the largest provider of fiscal support to oil and gas production in the G7 relative to the size of its economy.
24 Years After Brent Spar, Big Oil Receives Billions in Subsidies for Rig Removal
As the UK’s oil rigs are decommissioned over the next few years, the Government will give the oil companies in excess of 30 billion dollars in subsidies.
Statement on the G7 Energy Ministers’ Reaffirmed Commitment to Phase Out Fossil Fuel Subsidies
“G7 countries must turn words into action and develop a detailed roadmap for phasing out fossil fuel subsidies by 2025. For Canada, this responsibility ultimately lies with Environment and Clean Growth Minister Catherine McKenna and Finance Minister Bill Morneau,” said experts from the #StopFundingFossils coalition.
US Sees Steady Solar Growth (Despite Trump), But China Slashes Subsidies
Donald Trump can’t stop the sun from shining