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Tag: subsidies
Growth at all costs: climate change, fossil fuel subsidies &Treasury
2015-05-24 17:21:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: There are no oil rigs visible from Aberdeen itself, but evidence of the foundations of Europes oil capital is easy to see: plaques for the head offices of major fossil fuel companies, helicopters ferrying workers to and from offshore platforms, designer shops for a city that has more millionaires than any other in the UK. It is not far from the centre of the granite city to the poorer wards, though, where like so many places, people struggling to pay ever-increasing energy bills are still forced...
Tags: change
costs
growth
fuel
The IMF says we spend $5.3 trillion a year on fossil fuel subsidies.
2015-05-21 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Vox: This week, the International Monetary Fund put out a big report claiming the world spends $5.3 trillion a year subsidizing energy, mainly fossil fuels. That's an eye-popping number. And it led to plenty of outraged headlines: Look at all that money we're forking over to Big Oil! That's $10 million every minute! What's more, the IMF noted that if we yanked away all these "subsidies," global carbon dioxide emissions would drop 20 percent -- a huge step toward dealing with climate change. The only...
Energy subsidies top $6.6 trillion, lift carbon emissions by fifth: IMF study
2015-05-19 22:51:00| Climate Ark Climate Change & Global Warming Newsfeed
Age: The world subsidises energy consumption to the tune of more than $200,000 per second, with about 60 per cent of that going to support coal, according to researchers at the International Monetary Fund. In a paper published by the IMF, the authors found that energy subsidies are much more than previously estimated. These will rise to $US5.3 trillion ($6.6 trillion) in 2015, or about 6.5 per cent of total global output. For some developing nations, such as in the former Soviet Union and Pakistan,...
Coal, oil, gas subsidies higher than public health spending
2015-05-19 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
EU Observer: Around 1.6 million premature deaths would be prevented annually if the world's governments stopped subsidising fossil fuels, a study by four researchers from the International Monetary Fund found. The most relative gains could be made in eastern Europe and Turkey, where 60 percent of the people who die as a result of air pollution are estimated could be saved. The IMF study, published Monday (18 May), calculated the true costs of the widespread practice of giving tax benefits and other subsidies...
Tags: public
health
higher
gas
Fossil Fuel Subsidies to Hit $5.3T in 2015, Says IMF Study
2015-05-19 14:46:00| Climate Ark Climate Change & Global Warming Newsfeed
RTCC: Subsidies for fossil fuels that cause climate change have soared since 2013, a new study from the International Monetary Fund has revealed. Oil, gas and coal costs will be subsidised to the tune of US$5.3 trillion a year in 2015. The last time the IMF ran the data it calculated they were worth $1.9 trillion. Economists say the latest figures are more accurate as they represent the true cost of energy, which includes the environmental, health and climate impacts of burning fossil fuels. Over...
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