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fossil fuel subsidies

IMF Study: Global Energy Subsidies Will Cost $5.3 Trillion in 2015

May 19, 2015 by Katherine Tweed
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Global Subsidy Costs

The global post-tax subsidy for energy, which accounts for the environmental and health toll, will be an estimated $5.3 trillion in 2015, more than 6 percent of global GDP. The figure is more than double the IMF’s own post-tax subsidy analysis just a few years ago.[read more]

The Fossil Fuel Subsidy Red Herring

May 14, 2015 by Alex Trembath
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Fossil Fuel Policy and Subsidies

Every few months we hear another round of passionate recommendations that fossil fuel subsidies be phased out to level the playing field for clean energy. Sounds sensible, but there’s reason to think that eliminating fossil fuel subsidies wouldn’t be nearly as transformative as is often suggested.[read more]

Low Oil Prices and Fuel Subsidies: Doing Away with Really Bad Energy Policy

January 27, 2015 by Johannes Urpelainen
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Low oil prices are the talk of the day in environmental and energy circles. Some environmentalists probably despair over rising gasoline consumption, but for policymakers in emerging economies, low oil prices present an important opportunity to remove destructive and economically costly fuel subsidies.[read more]

UK Capacity Market Accused of Being a New Fossil-Fuel Subsidy

January 15, 2015 by Katherine Tweed
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The U.K.’s new capacity market is meant to lower electricity prices by encouraging competition and new generation. But it will do the opposite, according to Tempus Energy, a startup energy retailer that has brought an appeal in the European General Court on the grounds that it is unfair.[read more]

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An Easy Step Forward Towards Cleaner Energy: Ending Subsidies For Fossil Fuels

December 23, 2014 by Jonathan Doochin
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As we attempt to move towards a clean energy economy, numerous roadblocks remain. One of the major obstacles standing in the way might not be as obvious as the others—federal subsidies. As we seek to accelerate the world’s transition to a clean energy economy, a rational approach to subsidies is critical.[read more]

IEA: 'The Cost of Fossil Fuels to an Economy Is Not Reduced by Subsidies; It Is Just Redistributed'

November 17, 2014 by Katherine Tweed
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Fossil Fuels and Actual Costs

Countries around the globe have committed to reducing subsidies for fossil fuels. But that commitment is not being put into practice quickly enough for cleaner energy solutions to gain a competitive edge in some regions, according to the 2014 World Energy Outlook from the International Energy Agency.[read more]

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]