fossil fuel subsidies News
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G20 leaders fail to agree on timeline to phase out health-harming fossil fuel subsidies
During this week’s summit, the G20 failed to agree on a timeline to phase out inefficient health-harming fossil fuel subsidies, missing an opportunity to prevent ill health and meet the Paris climate goals. At this week’s G20 summit in China, the leaders had the chance to do something big for public health prevention – by initiating crucial steps to end one of the main causes ...
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Global fossil fuel subsidies on the rise despite calls for phase-out
In an effort to combat global warming, world leaders decided to phase out "inefficient" fossil fuel subsidies during the COP26 climate meeting in Glasgow two years ago. However, since then, as governments all over the world took action to shield citizens from growing energy prices, the International Monetary Fund reports that worldwide fossil fuel subsidies have increased from $2 trillion to $7 ...
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World subsidies for fossil fuels 5x larger than for renewables
Something is wrong in the world of energy subsidies. According to statistics gathered by the International Energy Agency (IEA) the worldwide subsidies to fossil fuel consumption in 2009 amounted to no less than 300 billion USD, while at the same time the global support for renewables was almost 60 billion USD. This means that global government spending on promoting fossil fuels was five times ...
By Elmia AB
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IEA/OECD media briefing on the high economic and environmental cost of fossil fuel subsidies
Subsidies encourage wasteful consumption, pollution, and strain already stretched national budgets. The OECD and IEA recommend that governments phase-out inefficient subsidies to fossil fuels, reallocating the money saved to social, environmental and fiscal priorites, including more directly supporting poor households that may be affected by energy price increases. Support to fossil fuel ...
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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 ...
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OECD and IEA recommend reforming fossil-fuel subsidies to improve the economy and the environment
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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Launch of the WORLD ENERGY OUTLOOK 2011 - Press Conference 9 November
The launch of the International Energy Agency's World Energy Outlook (WEO) 2011 Press Conference on 9 November 2011, 10h00 London time At the Hotel Crowne Plaza, London Conference Room: Edwardian I London-St. James Buckingham Gate London SW1E 6 AF Featuring Maria van der Hoeven, IEA Executive Director and Fatih Birol, IEA Chief Economist and principal author of the WEO World Energy Outlook ...
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Launch of the World Energy Outlook 2011 - Press Conference 9 November
The launch of the International Energy Agency's World Energy Outlook (WEO) 2011 Press Conference on 9 November 2011, 10h00 London time At the Hotel Crowne Plaza, London Conference Room: Edwardian I London-St. James Buckingham Gate London SW1E 6 AF Featuring Maria van der Hoeven, IEA Executive Director and Fatih Birol, IEA Chief Economist and principal author of the WEO World Energy Outlook ...
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Launch of IEA`s World Energy Outlook 2013 - 12 November - London
The international launch of World Energy Outlook 2013 Press Conference on Tuesday 12 November 2013, 10:00 a.m. London time Maria van der Hoeven Executive Director, International Energy Agency (IEA) Fatih Birol Chief Economist, IEA At the Hotel Crowne Plaza, London Conference Room: Edwardian I London-St. James Buckingham Gate London SW1E 6 AF In a world where big differences in regional energy ...
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EU wind industry faces tough challenge - and politicians should not make it worse
The wind industry is being hit by the economic crisis and austerity across Europe, and a difficult situation should not be made worse by politicians undermining investor confidence, warned top industry figures today in Vienna. At the opening of Europe's leading wind energy event - EWEA 2013 - politicians and high level industry representatives also spoke of the need to secure the further growth ...
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Our Man in Doha: Day Four - Trading dollars for degrees
Jeff Beyer is our man in Doha, representing the Carbon Trust at a number of events taking place alongside the United Nations Climate Change Conference in Doha, Qatar, and reporting back with his own perspective on what is taking place. In his plenary address today, the representative from St Vincent and the Grenadines spoke about the need to follow through on climate financing. He said that the ...
By Carbon Trust
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Biggest economies still backing fossil fuels
The governments of the world’s major industrialized countries, the G20 group, are providing more than US$450 billion a year to support the production of fossil fuels. That is almost four times the entire world’s subsidies to the rapidly growing renewable energy sector, as the International Energy Agency (IEA) estimates total global renewables subsidies in 2013 at $121bn. The G20 ...
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Launch of Special Report on Energy Trends in Southeast Asia, 2 October in Bangkok
H.E. Pongsak Ruktapongpisal - Minister of Energy, Thailand Maria van der Hoeven - Executive Director, International Energy Agency (IEA) Hidetoshi Nishimura - Executive Director, Economic Research Institute for ASEAN and East Asia For the launch of ENERGY TRENDS IN SOUTHEAST ASIA ; Special Report from the IEA’s World Energy Outlook 2013 Programme begins at 9:30 a.m. Bangkok time, Press ...
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HEAL Healthy Energy Paper
Check out HEAL’s brand new Healthy Energy Paper in English, Polish and Czech, which we just launched at the 6th Environment and Health conference organized by the World Health Organization (WHO), the United Nations Environment Programme (UNEP) and the United Nations Economic Commission for Europe (UNECE) in Ostrava, Czech Republic! We are looking into the health risks and opportunities ...
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Morocco unveils massive solar plant
Morocco's King Mohammed VI unveiled one of the world's biggest solar plants Thursday, taking advantage of the Sahara sunshine and a growing global push for renewable energy. The $3.9-billion project in the southern town of Ouarzazate, also known as Noor I, is the first phase of a project expected to provide 1.2 million Moroccans with power. Row after row of solar panels glisten in the sunlight, ...
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The end of regulated electricity prices?
The end of regulated power prices - a major obstacle to a liberalised power market - could be in sight after EU energy ministers meet tomorrow. Ministers are expected to call on governments to consider phasing out price regulation, which would be a step towards power generating technologies competing equally on the market, bringing prices down for consumers. "Ending regulated power prices is ...
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EU Commission: fossil fuel and nuclear subsidies distort market
"EU taxpayers gave over EUR26 billion to fossil fuels in 2011, the documents show. It is disappointing to see the figure of EUR35 billion subsidy to nuclear energy being removed by the European Commission prior to publication", stated Justin Wilkes, Deputy CEO of the European Wind Energy Association (EWEA). "The European Commission is overly focused on renewable energy support mechanisms, while ...
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COVID-19 Shows Energy Resiliency, Renewables & Storage is Crucial to Emergency Preparedness
As the COVID-19 pandemic ravages communities around the world, technology is playing a crucial role in helping us access information, conduct business and connect with others. The catastrophic impact on lives, jobs and savings, the shortages in raw materials and finished goods, and the severe strains on healthcare, remind us that we can’t always count on centralized resources and the ...
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DNV GL: Middle East Electricity Demand Will Triple by 2050, Powered by Rapid Growth of Wind and Solar Energy
Electricity demand in the Middle East will triple by 2050, accelerating the growth of renewable energy and triggering the diversification of economies away from fossil fuels.These are some of the findings of DNV GL’s Energy Transition Outlook 2018, which provides an outlook of the global energy landscape up to 2050.By 2050, solar PV will be the main source of energy in the Middle East and North ...
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New Report for COP24 on the Global Energy Revolution
As a contribution to COP24, a new report from power utility Drax Group informs the debate on decarbonising the global energy system, evaluating how rapidly nations are transforming their energy systems, and what lessons can be learned from the leading countries across five energy sectors. The report was commissioned by Drax and delivered independently by researchers from Imperial College London ...
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