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fossil fuel subsidies

Raising Gas Prices to Grow An Economy

August 19, 2014 by Lucas Davis

Gas Prices and Economies

Two weeks ago, Yemen increased gasoline prices from $2.20 to $3.50 per gallon, while increasing diesel prices from $1.70 to $3.40. These are significant increases. These reforms in Yemen bring the price of both fuels up to market levels.[read more]

IEA Executive Director Denounces Subsidy-Fueled 'Wasteful Consumption'

July 25, 2014 by Roman Kilisek
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Fuel Subsidies and Waste

Maria van der Hoeven, Executive Director of the International Energy Agency (IEA) recently expressed her view that “ending ‘wasteful fossil fuel subsidies’, which may encourage overconsumption of oil and gas, particularly in the Middle East,” still constitutes a big challenge around the world.[read more]

How Fossil Fuels Subsidize Us

May 12, 2014 by Robert Rapier
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Sometimes people can get a very distorted view of my position on fossil fuels. They believe that because I am very aware of the role of fossil fuels in our modern lives, that I believe we should continue to grow their consumption. But that is not it.[read more]

Energy Quote of the Day: 'One of the Most Politically Dangerous Acts there Is'

May 10, 2014 by Jared Anderson

Energy Subsidy Risks

Rolling back energy subsidies is one of the most vexing problems energy export-revenue-dependent countries face. The problems start innocently enough when countries discover vast natural resource deposits and begin profiting substantially from their development.[read more]

100 Years of Certainty and the Future of the Energy Tax Code

December 9, 2013 by NRDC Switchboard

A central theme of any tax policy debate raised by just about everyone is “market certainty.” The fact is that for the past 100 years “certainty” in our energy tax code has meant directly subsidizing the fossil fuel industry’s ability to pollute.[read more]

Is a Carbon Tax a Sensible Alternative to Subsidies?

December 4, 2013 by Cutter Rolles
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Governments around the world stimulate the development of renewables by offering subsidies. But fossil fuels are subsidized too. Given the realities of climate change and increasing global energy demand, a better option could be a carbon tax – which might promote renewables better than any policy.[read more]

G20 Leaders Agree To Phase Out 'Inefficient' Fossil Fuel Subsidies

September 26, 2013 by Zachary Shahan

G20 Inefficiency Phase Out

An overlooked decision made in St Petersburg by G20 leaders agreed to phase out “inefficient” fossil fuel subsidies, which would cut $500 billion in annual expenditures while reducing greenhouse gas emissions (compared to projections) 10% by 2050.[read more]

Why A Realistic Energy Policy Must Eliminate Fossil Fuel Subsidies

December 25, 2012 by Christine Hertzog
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Subsidies via Shutterstock

Now that the presidential election is over, perhaps we’ll see some reality injected into our energy policy.  The existing energy policy professes to encourage “energy independence”.  That policy in action embeds permanent subsidies, tax credits, and tax breaks in the US federal tax code for highly profitable fossil fuel...[read more]

Fossil-Fuel Subsidies: Why We Crunched The Numbers

June 19, 2012 by Marianne Lavelle
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Irena Misevic/Shutterstock

Something crucial was missing from the first-ever global inventory of tax breaks for oil companies and other fossil-fuel subsidies when the Organization for Economic Cooperation and Development released it last fall. The report detailed all the subtle and not-so-subtle supports for production and consumption of oil,...[read more]

Q&A: Rep. Keith Ellison on fossil fuel subsidies

May 25, 2012 by Dan Haugen

Rep. Keith EllisonEarlier this month, Rep. Keith Ellison (D-Minn.) and Sen. Bernie Sanders (I-Vt.) announced legislation to eliminate billions of dollars in tax breaks, R&D funding, and other subsidies and loopholes that benefit the fossil fuel industry.Midwest Energy News spoke with Rep. Ellison this week about the...[read more]

Everyone on the planet helps subsidise fossil fuels by £45 per year

May 9, 2012 by David Thorpe
2

NASA's James Hansen  Fossil fuel companies get between $400 and $500 billion in subsidies per year. This must end. The first major scientist to alert the world to the dangers of climate change, NASA's James Hansen, has issued a new challenge to the world based on the latest science surrounding the issue. In a new paper...[read more]

The Hard Truth: Even Liberals are Big Fans of Oil Subsidies

April 23, 2012 by Robert Rapier
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Survey Says…If you were to survey people and ask the question “Should we subsidize oil companies?” — the overwhelming majority would undoubtedly respond “No!” The notion that we are subsidizing oil companies generates outrage in many people, but in this article I will show why these subsidies aren’t going to go away any time soon. The...[read more]

Fossil Fuel Subsidies Dwarf Global Clean Energy Assistance: New Analysis

June 29, 2010 by NRDC Switchboard
1

World leaders have just come back from the G20 where they took some mixed steps to phase-out fossil fuel subsidies (as I discussed here).  They also reaffirmed that climate change and clean energy are important issues.  But a new analysis from Bloomberg New Energy Finance shows that they have their work cut out for them as...[read more]

No More Renewable Energy Incentives

April 27, 2010 by Christopher Williams
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First, don’t get all upset! I admit, I just wrote this title to rope you in and peak your interest because I’m assuming you think that renewable energy is awesome and needs some incentives to get the industry kick started and to decrease the learning curve, test out new technologies yadda yadda yadda. I agree with you. Here’s the...[read more]

G20 Outcomes

September 30, 2009 by Chris Schultz

So now that everything is back to normal, what did the G20 actually accomplish and what did it not (from the Green perspective)?Done:1. Replacing G7/8 with the G20Since 1975, the Group of 7 richest countries in the world has met to discuss the fate of the world. The less rich countries and the emerging nations have long been ired at this...[read more]