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25 Aug 23
Governments shielding households and businesses from the spike in energy prices caused by Russia’s invasion of Ukraine meant environmentally harmful fossil fuels were subsidised at their highest ever...
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19 Jun 23
Governments across the world will fail to fund the transition to net zero without reversing trillions of dollars of agriculture, fishing and fossil fuels subsidies, economists at the World Bank have...
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28 Apr 23
The Nigerian government has delayed plans to remove expensive fuel subsidies, despite senior officials recognising the relief is “not sustainable”.
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13 Feb 23
Governments across Europe have spent more than three-quarters of a trillion euros on shielding households and businesses against rising energy costs, researchers have found.
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5 Aug 22
The Italian government is set to spend a further €17bn this year to help soften the blow of inflation on families and businesses.
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5 Aug 22
European governments should end sweeping support measures keeping fuel prices down and allow prices to rise to encourage people to use less fossil fuels, IMF economists have said.
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14 Jun 22
Russia’s invasion of Ukraine could speed efforts to decarbonise Western energy supplies. But how will governments recoup lost tax income from fossil fuel?
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22 Feb 22
Governments across the world spend $1.8trn on environmentally harmful subsidies each year, which could be redistributed to help combat climate change, according to an international pressure group.
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22 Oct 19
Researchers commissioned by the Finnish government have found the country will not meet its carbon reduction targets unless it abolishes fossil fuel subsidies.
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20 Aug 19
The IMF explains how scaling back on energy subsidies would leave more money for governments to spend on areas such as education and healthcare.
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10 May 19
Global subsidies for fossil fuels remained a staggering $5.2 trillion in 2017 despite growing pressure worldwide to reduce them.
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10 Jan 18
Asia accounts for a third of global fossil subsidies. Phasing these subsidies out would strengthen the continent's public finances, says the Asian Development Bank’s Shikha Jha.
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8 May 17
Ten of Europe’s major economies hand out €6.3bn ($6.9bn) in coal subsidies every year, including €1bn ($1.1bn) in funds intended for low-carbon sources, according to a UK think-tank.
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30 Nov 16
The European Commission has announced proposals to restrict subsidies for coal and cut the European Union’s energy usage by 30% by 2030.
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6 Sep 16
The OECD has welcomed the release by the US and China of peer reviews into their national fossil fuel subsidy programmes, despite criticism over the G20’s failure to set a deadline to phase them out...
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5 Sep 16
The G20 have vowed to make the most of flexible fiscal policy to boost sluggish global growth, as well as to strengthen economic governance through transparency and international tax collaboration.
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30 Aug 16
International insurers with $1.2tn in assets under management have called on the G20 to commit to a specific timeline for phasing out fossil fuel subsidies by 2020 at an upcoming summit.
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16 Nov 15
G20 governments hand out $444bn a year in fossil fuel subsidies, marrying “bad economics with potentially disastrous consequences for the climate”, research has claimed
25 Aug 23Governments shielding households and businesses from the spike in energy prices caused by Russia’s invasion of Ukraine meant environmentally harmful fossil fuels were subsidised at their highest ever...
28 Apr 23The Nigerian government has delayed plans to remove expensive fuel subsidies, despite senior officials recognising the relief is “not sustainable”.
13 Feb 23Governments across Europe have spent more than three-quarters of a trillion euros on shielding households and businesses against rising energy costs, researchers have found.
5 Aug 22The Italian government is set to spend a further €17bn this year to help soften the blow of inflation on families and businesses.
14 Jun 22Russia’s invasion of Ukraine could speed efforts to decarbonise Western energy supplies. But how will governments recoup lost tax income from fossil fuel?
22 Feb 22Governments across the world spend $1.8trn on environmentally harmful subsidies each year, which could be redistributed to help combat climate change, according to an international pressure group.
22 Oct 19Researchers commissioned by the Finnish government have found the country will not meet its carbon reduction targets unless it abolishes fossil fuel subsidies.
20 Aug 19The IMF explains how scaling back on energy subsidies would leave more money for governments to spend on areas such as education and healthcare.
10 May 19Global subsidies for fossil fuels remained a staggering $5.2 trillion in 2017 despite growing pressure worldwide to reduce them.
10 Jan 18Asia accounts for a third of global fossil subsidies. Phasing these subsidies out would strengthen the continent's public finances, says the Asian Development Bank’s Shikha Jha.
5 Sep 16The G20 have vowed to make the most of flexible fiscal policy to boost sluggish global growth, as well as to strengthen economic governance through transparency and international tax collaboration.
