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G20 states spend $88bn in fossil fuel exploration subsidies: report

2014-11-10 20:51:00| Climate Ark Climate Change & Global Warming Newsfeed

Agence France-Presse: Leading world economies are spending $88 billion (71 billion euros) a year in fossil fuel exploration subsidies, sapping investment from low-carbon alternatives and increasing the risk of "dangerous climate change", a report said Tuesday. The report by Britain's Overseas Development Institute think tank said that these subsidies "could drive the planet far beyond the internationally agreed target of limiting global temperature increases to no more than two degrees Celsius". The report was published...

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G20 states spend US$88b in fossil fuel exploration subsidies: Report

2014-11-10 18:40:00| Climate Ark Climate Change & Global Warming Newsfeed

Agence France-Presse: Leading world economies are spending US$88 billion a year in fossil fuel exploration subsidies, sapping investment from low-carbon alternatives and increasing the risk of "dangerous climate change", a report said on Tuesday (Nov 11). The report by Britain's Overseas Development Institute think tank said that these subsidies "could drive the planet far beyond the internationally agreed target of limiting global temperature increases to no more than two degrees Celsius". The report was published in...

Tags: report states spend fuel

 
 

German solar ambitions at risk from cuts to subsidies

2014-11-05 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: German ambitions to generate the vast majority of its power from the sun, wind and other renewable sources by the middle of the century are at risk from cuts to solar subsidies and weak EU clean energy targets, industry and experts say. The countrys target of getting 80% of energy from renewable sources by 2050 is one of the few to match the scaling-up of renewable power that the UNs climate science panel said on Sunday was needed to avoid severe, widespread, and irreversible impacts from...

Tags: to german risk cuts

 

Schnitzer proposes Centennial Mills project but wants more city subsidies

2014-10-25 09:24:47| Steel - Topix.net

Jordan Schnitzer and his company Harsch Investment Properties have proposed a $115.7 million redevelopment of the historic Centennial Mills waterfront site in Northwest Portland, but there's a catch. The concept being discussed by Harsch and the Portland Development Commission requires $38.5 million in public subsidies, but the city urban renewal authority has so far budgeted $16.2 million to subsidize the project.

Tags: city project mills proposes

 

United Kingdom: Government allowing coal industry to get green subsidies

2014-10-23 20:17:00| Climate Ark Climate Change & Global Warming Newsfeed

Independent: The boss of British Gass parent company has criticised the Government for allowing old, dirty coal stations to qualify for subsidies worth hundreds of millions of pounds in a scheme designed to promote green energy. Sam Laidlaw, the chief executive of Centrica, said the list of power stations which the Government has just cleared to apply for the scheme contains some of the countrys most polluting stations putting it at odds with its goal of keeping carbon emissions to a minimum. Mr Laidlaws...

Tags: united kingdom industry government

 

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