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Much-needed $800bn renewable energy investment can come from fossil fuel subsidies

2014-07-03 16:18:00| Climate Ark Climate Change & Global Warming Newsfeed

Blue and Green: Much of the hundreds of billions of dollars worth of renewable energy investment that is needed to prevent the worst effects of climate change could come from the substantial subsidies given to fossil fuels, a new report has found. In a new study published in the journal Climate Change Economics, researchers from the International Institute for Applied Systems Analysis (IIASA) attempt to put a price tag on efforts to limit the global temperature rise to 2C. "Many countries say that they`re...

Tags: energy investment fuel fossil

 

Japan Govt Mulls Tariff-funded Subsidies for Pork Industry

2014-05-21 02:00:00| ThePigSite - Industry News

JAPAN - In preparation for an expected conclusion to the Trans-Pacific Partnership multilateral free trade agreement talks, the government has started considering the use of tariff revenue from imported pork to subsidize the pork industry, The Yomiuri Shimbun has learned.

Tags: japan industry govt pork

 
 

Money to burn: OPEC's wasteful energy subsidies

2014-05-18 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Fossil fuel subsidies cost governments in emerging markets more than $500 billion every year and are a major contributor to climate change, according to the International Energy Agency (IEA) and International Monetary Fund (IMF). The biggest subsidies are concentrated in the Middle East, North Africa, Asia and parts of Latin America, according to the IEA's Fossil Fuel Subsidy Database (www.iea.org/subsidy/index.html). Moreover energy-exporting countries accounted for three quarters of all consumption...

Tags: money energy burn subsidies

 

The 2014 Australian budget opportunity to end fossil fuel subsidies, so why won't it happen?

2014-05-07 13:30:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: "Australia may sell assets and cut welfare spending to rein in a debt burden that is already the second-smallest among developed nations" reported Bloomberg breathlessly early in May. Such is the madness of the deeply unpopular conservative Australian government, which will lay down its budget for the coming 12 months next week. In order to justify its right-wing agenda, the Abbott government ordered a National Commission of Audit. The Commission's report was released a week ago, and was described...

Tags: end why opportunity budget

 

Fossil fuel subsidies cost ~$2 Trillion annually, according to IMF

2014-05-02 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Clean Technica: Science informs us about the environmental cost of our global fossil fuel habit the IPCC recently reported that CO2 emissions from fossil fuel combustion and industrial processes contributed around 78 per cent of the total increase in greenhouse gas emissions between 1970 and 2010 but what about the economic cost? As has been noted here before, the combined value of global fossil fuel subsidies can be difficult to calculate, with recent estimates ranging from $500 billion to $1.9 trillion....

Tags: to cost fuel annually

 

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