The European Commission today announced
new subsidies for fossil fuels, with nearly $ 200 million for gas projects, as part of a larger package of energy investments for 2018.
You have to pinch yourself when the government announces
another new subsidy for the fossil fuel industry, not only because they so recently said that renewable energy should stand on its own two feet, but also because they're announcing this just days before the latest climate conference in Paris — at which world leaders will gather to try and hammer out a global deal to reduce emissions.
Not exact matches
For example, an «energy security fee» of $ 3.50 per barrel of imported oil would raise approximately $ 15 billion annually; reduced
fossil fuel subsidies as proposed by the administration could generate upwards of $ 35 billion over ten years; a utilities electricity fee could raise at least $ 2 billion annually, as included in the Kerry - Lieberman American Power Act; and royalties on
new offshore continental shelf drilling could raise more than $ 100 billion over twenty years.
Most developed countries supported a text calling
for a transition to a green economy that included phasing out
fossil fuel subsidies, the use and production of renewable energies, and creating «green» jobs in this
new economic model.
This
new report documents,
for the first time, the scale and structure of
fossil fuel exploration
subsidies in the G20 countries.
With a renewal of the wind production tax credit, which is designed to establish parity with the
subsidies for fossil fuels, growth could be even faster in the years ahead, creating thousands of
new jobs.
Global
subsidies for fossil fuels have returned to levels not seen since before the financial crisis in 2008, estimated at $ 523 billion to $ 1.9 trillion, according to a
new report.
Members of the EU Parliament's energy committee have supported reform of energy markets to restrict
subsidies for dirty
fossil fuel power plants, but failed to reject
new gas infrastructure, in two important votes on climate and energy today.
But climate campaigners are calling
for a ban on all
NEW fossil fuel extraction projects, and it is the new projects that receive the heaviest subsidies from state governmen
NEW fossil fuel extraction projects, and it is the
new projects that receive the heaviest subsidies from state governmen
new projects that receive the heaviest
subsidies from state governments.
There is room
for improvement in the Parliament's position, both in ensuring priority access
for all
new renewables, and in fully eliminating all capacity mechanisms that function as hidden
fossil fuel subsidies.
The U.S. government is providing extensive support
for fossil fuel production on public lands and waters offshore, through a combination of direct
subsidies, enforcement loopholes, lax royalty collection, stagnant lease rates, and other advantages to the industry, a
new report released today finds.
Dr Birol also held meetings at the Ministry of Foreign Affairs and Trade, the Ministry of Environment and with
New Zealand's Climate Change Ambassador, where the IEA and
New Zealand agreed on the need to support global policy advice and quantitative analysis
for the phase out of
fossil fuel subsidies and the energy transition, both through bilateral collaboration and multilateral fora, such as APEC, the WTO and the G20.
A
new report by Oil Change International identifies billions of dollars in
subsidies for fossil fuel exploration from the world's wealthiest countries.
Analysis in the
new WEO - 2017 showed that
for the first time the largest share of global
subsidies that benefit
fossil fuel consumption went to keep electricity prices artificially low (41 % of the global total), ahead of oil (40 %) and natural gas.
Compared to existing
New Jersey state
subsidies for solar at fifty times this amount per megawatt - hour, the proposed help
for nuclear plants would provide outstanding environmental protection value while paying
for itself through lower
fossil fuel bills and retained in - state jobs and tax revenue.
We want a climate strategy that will work
for people and the planet — that means
subsidies to the
fossil fuel industry and
new infrastructure projects like pipelines have no place in Canada.
New Zealand claim a top spot
for rather hilariously, or not, urging countries to phase out
fossil fuel subsidies while shelling out big bucks to prop up
fossil fuel production to the tune of $ 80 million.