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Top insurer urges US to stop subsidising climate-risk homes
2016-05-25 11:12:00| Climate Ark Climate Change & Global Warming Newsfeed
Climate Home: Lloyds, one of the worlds biggest insurance companies, says the US government must stop providing insurance subsidies to homeowners building on flood plains and in coastal areas exposed to mounting risks related to climate change. According to a report in Londons Financial Times, Lloyds says the US governments National Flood Insurance Program (NFIP), which subsidises insurance cover for householders in regions vulnerable to floods and storms, encourages irresponsible house building. Lloyds...
EU carbon market is subsidising Polish coal plants NGO
2016-04-26 12:06:00| Climate Ark Climate Change & Global Warming Newsfeed
Climate Home: Carbon markets are supposed to make polluters pay, encouraging investment in carbon-cutting kit. Yet a provision in the EU`s flagship emissions trading scheme mean it is doing the opposite, Carbon Market Watch warned in a report on Tuesday: subsidising coal. Poland, Romania and Czechia are the biggest beneficiaries of free permits worth an estimated EUR12 billion over 2013-19, analysts found. The handout was supposed to support "modernisation" of the power sector in poorer EU states. In...
Tags: market
plants
carbon
polish
Rich countries subsidising oil, gas and coal companies by $88bn a year
2014-11-11 01:17:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Rich countries are subsidising oil, gas and coal companies by about $88bn (55.4bn) a year to explore for new reserves, despite evidence that most fossil fuels must be left in the ground if the world is to avoid dangerous climate change. The most detailed breakdown yet of global fossil fuel subsidies has found that the US government provided companies with $5.2bn for fossil fuel exploration in 2013, Australia spent $3.5bn, Russia $2.4bn and the UK $1.2bn. Most of the support was in the form of tax...
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companies
countries
rich
AUDIO: Businesses 'not subsidising police'
2014-01-20 11:38:28| BBC News | Business | UK Edition
Julie Davies says the business crime reduction partnership she manages in Staffordshire is "not an enforcement agency".
Tags: audio
businesses
police
subsidising
Put the heat on subsidising climate change
2013-11-10 19:53:00| Climate Ark Climate Change & Global Warming Newsfeed
Bangkok Post: This week, governments are gathering in Warsaw for a crucial round of climate negotiations, with both expectation and ambition running at an all-time low. But it does not have to be like this: the Warsaw meeting provides an opportunity to galvanise action on one of the most potent forces driving climate change _ the billions of dollars spent by governments on fossil-fuel subsidies. The Warsaw talks are a staging post on the route to the 2015 United Nations climate summit in Paris, at which governments...
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