fossil fuel emissions tax News

  • Denmark to become fossil fuel-free by 2050

    According to the Danish climate commission, Denmark could become fossil fuel-free by 2050, at a net cost of just US$2.95 billion. The report that sets the fossil fuel free goal makes the case for investing an amount equivalent to 0.5% of the country's annual GDP in renewable energy. The climate commission claims that prices of fossil fuels will rise over the next four decades, while renewables ...


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  • Fossil Fuel Subsidies Hamper Pathway to Inclusive Green Economy, Experts Say

    Fossil fuel subsidies are contributing to fiscal instability and undermining governments' efforts to combat serious economic and environmental challenges, such as climate change, and the transition to an inclusive green economy, according to experts. "Reforming Fossil Fuel Subsidies for an Inclusive Green Economy" is the theme of the two-day event co-organized by UNEP, IMF, GIZ and the ...

  • End fossil fuel subsidies now, says OECD and IEA

    Governments and taxpayers spent about half a trillion dollars last year supporting the production and consumption of fossil fuels. Removing inefficient subsidies would raise national revenues and reduce greenhouse-gas emissions, according to OECD and IEA analyses. The G-20 Leaders in 2009 agreed to phase out subsidies that "encourage wasteful consumption, reduce our energy security, impede ...


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  • Closing the $70 Billion Climate Finance Gap – End Fossil Fuel Subsidies

    The world’s developed countries have committed to mobilize $100 billion a year by 2020, from public and private sources, to help developing countries adapt to the impacts of climate change and reduce their emissions. The latest accounting of climate finance shows there is a gap of about $70 billion. Closing that gap is critical to building the trust necessary to ...


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  • New Bio-based Outlook: low fossil energy prices obstruct positive effect of bioeconomy

    The transition from a fossil-based economy to a bioeconomy contributes to reduce the dependency on fossil fuels, to meet our greenhouse gas emission reduction targets, and strengthen the Dutch economy. This macroeconomic assessment of large-scale deployment of biomass to 2030 shows that a bioeconomy can positively contribute to the Dutch economy, contributes to achieving the emission reduction ...

  • US government to raise renewable fuel quota sharply

    The amount of ethanol and biodiesel Americans burn in their cars and trucks is increasing by law. The 2008 renewable fuels standard will be raised to 7.76 percent, up by two-thirds on the current standard of 4.66 percent to comply with the new energy bill enacted late last year. The increase is in response to the Energy Independence and Security Act, which President George W. Bush ...

  • FPL´s fuel-efficient Cape Canaveral Next Generation Clean Energy Center comes online ahead of schedule, serving customers with clean, domestic natural gas power

     Florida Power & Light Company today announced that its state-of-the-art Cape Canaveral Next Generation Clean Energy Center has begun generating electricity from clean, U.S.-produced natural gas. Over its operational lifetime, the new, fuel-efficient plant is expected to provide FPL customers hundreds of millions of ...

  • WBA Declaration to COP22

    The World Bioenergy Association (WBA) proposes fossil exit strategy with a carbon tax as they key message to the delegates at COP22 in Marrakech. The World Bioenergy Association (WBA) calls on the delegates attending the 22nd Conference of Parties (COP22) at Marrakech, Morocco to act now with a managed yearly decline of fossil fuel use and implementing a carbon tax in each country to achieve the ...

  • Hefty Subsidies Prop Up Unsustainable Energy System

    Efforts by a variety of organizations to quantify global support for fossil fuels have generated estimates that range from $523 billion to over $1.9 trillion, depending on the calculation and what measures are included. What is clear is that the level of support has rebounded to 2008 levels following a dip in 2009–10 during the global financial crisis, writes Worldwatch Research Fellow ...


    By Worldwatch Institute

  • Reforming energy investment incentives

    There have been many calls for reform of the subsidies and incentives provided to the energy sector. A report from the International Monetary Fund (IMF) released last month urged policymakers the world over to reform subsidies for products from coal to gasoline, arguing that this could translate into major gains both for economic growth and the environment. The report  ...


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  • Hefty Subsidies Prop Up Unsustainable Energy Systems

    Efforts by a variety of organizations to quantify global support for fossil fuels have generated estimates that range from $523 billion to over $1.9 trillion, depending on the calculation and what measures are included. What is clear is that the level of support has rebounded to 2008 levels following a dip in 2009-10 during the global financial crisis, writes Worldwatch Research Fellow Philipp ...


    By GLOBE SERIES

  • Biofuel support policies - costly and ineffective

    Government support of biofuel production in OECD countries is costly, has a limited impact on reducing greenhouse gases and improving energy security, and has a significant impact on world crop prices, according to a new study on policies to promote greater production and use of biofuel in OECD countries. The OECD Economic Assessment of Biofuel Support Policies says biofuels are ...


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  • WBA Press Release on the Central European Bioenergy Conference, Graz

    With more than 1100 registered participants coming from 46 countries and five continents the Central European Bioenegy Conference in Graz, from the15th to the 18th of January 2014, was one of the biggest bioenergy gatherings ever. Many companies came to Graz to explore new business opportunities. The WBA contributed to the meeting with a workshop on small-scale biomass technologies and markets ...

  • Fowke addresses House Energy and Power Subcommittee

     On Tuesday, March 5, 2013, Ben Fowke, chairman, president and CEO of Xcel Energy, addressed the U.S. House Subcommittee on Energy and Power.  His comments emphasized the critical role that fuel diversity, including fossil fuels and renewable resources, and federal incentives such as a customer ...


    By Xcel Energy

  • Biofuels market set to expand in Sweden

    The biofuel industry in Sweden is all set to expand primarily due to the new legislation on energy and climate strategy passed by the Swedish parliament. The Swedish government intends to have its transport sector fossil fuel free by 2030. The government is also planning to introduce a new legislation which would make 10% bioethanol blending and 7% biodiesel blending mandatory by July, 2010. The ...


  • Biofuel policies in OECD countries costly and ineffective, says report

    Government support of biofuel production in OECD countries is costly, has a limited impact on reducing greenhouse gases and improving energy security, and has a significant impact on world crop prices, according to a new study of policies to promote greater production and use of biofuel in OECD countries. OECD’s Economic Assessment of Biofuel Support Policies says biofuels are currently ...

  • Abengoa World Bioenergy Forum 2015

    During May 20-21, 2015 more than 100 representatives of the biofuel industry and bioenergy experts gathered in Sevilla at the ABENGOA - WORLD BIOENERGY LEADERSHIP FORUM to discuss the future of biofuels – in particular bioethanol. The industry succeeded in the last years in starting cellulosic ethanol production in commercial scale – in Brazil, ...

  • Promoting bioenergy use: policy approaches

    Using some forms of biomass, such as industrial waste wood, agricultural waste and biofuel crops, for energy needs could make a significant contribution to reducing greenhouse gas (GHG) emissions in Europe, but support mechanisms for bioenergy have historically been less effective than for other forms of renewable energy, such as wind power, in European member states. While it is an inherently ...

  • Counting the Cost of Energy Subsidies

    Energy subsidies are projected at US$5.3 trillion in 2015, or 6.5 percent of global GDP, according to a recent IMF study. Most of this arises from countries setting energy taxes below levels that fully reflect the environmental damage associated with energy consumption. The ...


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  • WBA Lima Initiative: Climate and Energy 2035

    A Global Renewable Energy Action Plan (GREAP) for 2035 as a guideline for business and policy towards a world no more than 2°C warmer To download the initiative - click here. To support the initiative - click ...

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