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Fossil fuel subsidies under fire

2013-11-09 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Living on Earth: A new report from the Overseas Development Institute finds more than $500 billion in subsidies go to fossil fuel industries world wide each year despite pledges to phase them out. Joe Aldy, professor of public policy at Harvard University, tells host Steve Curwood that eliminating subsidies for fossil fuels will be a top agenda item at the UNFCCC meeting in Poland. Transcript CURWOOD: From the Jennifer and Ted Stanley Studio in Boston this is Living on Earth. I'm Steve Curwood. This year's...

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Fossil fuel subsidies killing UK's low-carbon future

2013-11-07 08:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Britain is "shooting itself in the foot" by subsidising its coal, oil and gas industries by $4.2bn (2.6bn) a year even as government reviews the "green levies" on energy bills which support energy efficiency and renewable power, according to a report published on Thursday. The figures from the Overseas Development Institute suggest that Britain is now the world's fifth largest subsidiser of fossil fuels after the US, Russia, Australia and Germany despite commitments to cut carbon emissions and...

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Fossil fuel subsidies 'are reckless'

2013-11-07 03:51:00| Climate Ark Climate Change & Global Warming Newsfeed

BBC: The world is spending half a trillion dollars on fossil fuel subsidies every year, according to a new report. The Overseas Development Institute (ODI) says rich countries are spending seven times more supporting coal, oil and gas than they are on helping poorer nations fight climate change. Some countries including Egypt, Morocco and Pakistan, have subsidies bigger than the national fiscal deficit. The new report calls on the G20 to phase out the payments by 2020. While there is no globally agreed...

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Fossil fuel subsidies costing rich countries $112 per person

2013-11-07 01:05:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: Average fossil fuel subsidies in the world's richest countries have reached $112 per person, draining national treasuries while undermining international efforts to avert dangerous climate change, according to an influential think tank. The Overseas Development Institute (ODI) will today publish a new report arguing that fossil fuel subsidies are costing the 34 OECD countries between $55bn and $90bn a year, with the highest level of subsidies in Russia, the United States, Australia, Germany and...

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Alternative Bulbs: Another Phony Market Propped Up by Govt Mandates, Subsidies

2013-11-06 19:20:09| Semiconductors - Topix.net

Entrepreneurs in industries tied to the energy efficiency gambit, justified by the climate change House of Cards, all have the same false bravado: they are "game changers" and "market leaders" ; all their squandered revenues are "investments;" their technological breakthroughs are always "just around the corner;" and it just takes one more round of ... (more)

Tags: market alternative bulbs govt

 

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