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.
fossil fuels
Study shows wealthy countries must begin a managed phase-out of fossil fuels
As the oil and gas sector experiences a chaotic decline during COVID-19, a new peer-reviewed study outlines how policymakers can plan for a more resilient future through an equitable phase-out of production.
Equity, Climate Justice, and Fossil Fuel Extraction: Principles for a Managed Phase Out
As COVID-19 and other factors force an unmanaged decline of oil and gas, a new peer-reviewed study outlines how policymakers can plan for a better future, with an equitable phase-out of fossil fuels.
Report: G20 Governments Bankrolling the Fossil Fuel Industry with at least $77 Billion a Year
Since the implementation of the Paris Agreement, G20 countries have provided at least USD 77 billion a year in finance for oil, gas, and coal projects.
Still Digging: G20 Governments Continue to Finance the Climate Crisis
This report reveals G20 countries have provided at least $77 billion a year in public finance to oil, gas and coal projects since the Paris Agreement through their international public finance institutions. This government-backed support to fossil fuels from export credit agencies, development finance institutions, and multilateral development banks is more than three times what they are providing to clean energy
OCI response to BP’s latest climate plan
BP’s plan is the latest industry spin insisting that Big Oil has ‘seen the light’ on climate, only to distract us from real solutions.
IEA dogged by criticism at UN climate talks
The IEA’s fingerprints were all over the failed UN climate talks in Madrid. And so, it was not hard to find them and set the record straight.
Pressure Mounts for IEA to Improve the World Energy Outlook
In case you missed it, yesterday the International Energy Agency released its hallmark report, World Energy Outlook (WEO) 2019. If the resultant press coverage and social media traffic was any indication, there are growing concerns over the inadequacy of the WEO.
70+ civil society groups call on European Investment Bank to stand behind proposal to stop funding fossil fuels
Over 70 organizations have sent a public letter to European Investment Bank (EIB) leadership, calling on them to stand firm behind a draft lending policy that, if adopted, would rule out future fossil fuel financing from the bank.
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.