BONN - 11 May 2017 - A new report from the Nordic Council of Ministers finds that redirecting fossil
fuel subsidies toward the clean energy transition could help climate vulnerable countries reap major savings while slashing greenhouse gas emissions.
A new report from the Nordic Council of Ministers finds that redirecting fossil
fuel subsidies toward the clean energy transition could help climate vulnerable countries reap major savings while slashing greenhouse gas emissions.
To resolve these challenges, the Lancet - Rockefeller commission offered several proposals, including diversifying diets, making hospitals and health infrastructure more resilient to environmental shocks like storms, and diverting fossil
fuel subsidies toward health care.
Not exact matches
In addition to the work in the World Energy Outlook, the IEA has provided input to the G - 20 and APEC since 2009, when G20 leaders took a major step
toward reforming energy
subsidies and committed to «rationalize and phase out over the medium term inefficient fossil
fuel subsidies that encourage wasteful consumption», the IEA has provided input to the G - 20 and APEC in support of their commitments.
This brief presents that in Egypt, spending on
fuel subsidies was a drain on public finances with benefits skewing
toward the rich and exacerbating inequalities.
These include indisputably necessary strategies such as halting the conversion of native habitats into farmland; restoring and rewilding ecologies; phasing out fossil
fuel subsidies; and promoting dietary shifts
toward plant - based foods.
«Germany has set up a system of legislation and
subsidies to move away from fossil
fuels toward renewable energy,» Martin Kaiser, executive director of programs for Greenpeace International in Berlin, told me.
This is an era of increasing global fiscal budget constraints, and the trend
toward greater industry internalization of fossil -
fuel pollution costs and the reduction in fossil
fuel subsidies is gaining unstoppable momentum.
It is therefore sobering to realise just how substantial
subsidies toward fossil
fuel energy are on the global level.