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Reply #15 on: February 25, 2020, 08:36:29 am »
Just 10% of fossil fuel subsidy cash ‘could pay for green transition’
Redirecting small portion of subsidies would unleash clean energy revolution, says report
https://www.theguardian.com/environment/2019/aug/01/fossil-fuel-subsidy-cash-pay-green-energy-transition
Switching just some of the huge subsidies supporting fossil fuels to renewables would unleash a runaway clean energy revolution, according to a new report, significantly cutting the carbon emissions that are driving the climate crisis.
Coal, oil and gas get more than $370bn (£305bn) a year in support, compared with $100bn for renewables, the International Institute for Sustainable Development (IISD) report found. Just 10-30% of the fossil fuel subsidies would pay for a global transition to clean energy, the IISD said.
Ending fossil fuel subsidies has long been seen as vital to tackling the climate emergency, with the G20 nations pledging in 2009 to phase them out, but progress has been limited.
What Are We Waiting For? 1.5 degrees and ending government subsidies to fossil fuels
https://www.iisd.org/gsi/subsidy-watch-blog/ending-government-subsidies
The message is clear. The latest report from the Intergovernmental Panel on Climate Change (IPCC) about the current ambition under the Paris Agreement and Nationally Determined Contributions (NDCs) says the world isn’t doing enough and isn’t doing it fast enough
What is the International Institute for Sustainable Development?
http://www.africa.upenn.edu/Articles_Gen/IISD.html
What is the Intergovernmental Panel on Climate Change?
https://www.ipcc.ch/about/
Canadian oil and gas get about 4.5 billion in tax breaks, it doesn’t get direct subsidies. Mineral fuels are the country’s largest export making up 22% of total exports in 2019, worth nearly 100 billion.
« Last Edit: February 25, 2020, 08:41:38 am by wilber »
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