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United Kingdom: Prince of Waless Corporate Leaders Group call for an end to fossil fuel subsidies

2015-09-28 16:23:00| Climate Ark Climate Change & Global Warming Newsfeed

Blue and Green: The Prince of Waless Corporate Leaders Group (CLG) has announced its support for the Friends of Fossil Fuel Subsidy Reform Communiqué, calling for reform, and ultimately, elimination, of fossil fuel subsidies. The International Energy Agency (IEA) estimates that fossil fuel subsidies amounted to US$510 billion in 2014. This is based on the gap between what consumers pay and the actual cost of supply, but doesn`t consider the environmental and health costs. It is six times more than that allocated...

Tags: end group united call

 

CBI warning over renewables subsidies

2015-09-22 02:30:43| BBC News | Business | UK Edition

The governments wholesale cuts to renewable energy subsidies are sending a worrying sign to investors, says business group the CBI.

Tags: warning subsidies cbi renewables

 
 

Taxpayers lose billions to coal subsidies

2015-09-17 20:44:00| Climate Ark Climate Change & Global Warming Newsfeed

Grist: Attention taxpayers: Your hard-earned cash is going into some very deep pockets. A new report reveals that American taxpayers spend billions annually on subsidies for coal, including tax breaks, government-funded infrastructure, and inexpensive leases on land. From The Guardian: The research examined the subsidies given to coal production in the USs largest coal field, the Powder River Basin, and found they totalled $2.9bn (1.9bn) a year. This equates to $8 per tonne, almost 25% of the...

Tags: lose coal subsidies billions

 

Subsidies Coal Production Boost Emissions, Impede Cleaner Fuels

2015-09-16 06:01:00| Climate Ark Climate Change & Global Warming Newsfeed

Blue and Green: While many G20 nations are showing some commitment to tackling climate change, most are also still spending heavily to subsidize the fossil fuel industry. A new study published today finds that subsidies for thermal coal production in two key supply regions the Powder River Basin (PRB) in the United States and Australia are significant, distorting the market, driving up emissions, and acting as a barrier to entry for cleaner energy sources. The paper shows that scrapping subsidies amounting...

Tags: production boost cleaner coal

 

Farm Environment Subsidies Have Positive Effect

2015-09-11 02:00:00| ThePigSite - Industry News

UK - New research from the University of Cambridge has suggested that subsidies provided to farmers to protect the environment do have a positive effect.

Tags: effect positive environment farm

 

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