October 16, 2014 |Washington—10 October—International experts and senior government officials from ministries of finance and economy gathered on October 10 during the annual meetings of the IMF and World Bank to discuss how to manage the transition to sustainable energy pricing.
Blog: The Potential From Fossil-Fuel Subsidy Reform for Funding and Achieving Sustainable Development Goals
October 8, 2014 |
A new report from the IISD Global Subsidies Initiative was launched in conjunction with the Asia Europe Foundation, at a conference exploring the financing of future Sustainable Development Goals (29-30 September 2014).
Commentary: Fuel Subsidy Reform a Key Recommendation in New Climate Economy Report "Better Growth, Better Climate"
September 16, 2014 |
Phase out subsidies for fossil-fuels and agricultural inputs, and incentives for urban sprawl, to drive more efficient use of resources and release public funds for other uses, including programmes to benefit those on low incomes.
September 8, 2014 |London—1-2 September—Civil society organizations from across the world gathered in London from September 1-2 to discuss $544 billion government spending on consumer fossil-fuel subsidies, and the at least $100 billion on producer fossil-fuel subsidies. Participants discussed the size of subsidies, their reform and the impacts of fossil-fuel subsides on sustainable development.
August 28, 2014 |“The first law of holes is that when you’re in one, stop digging. The first step towards that goal is to stop using taxpayer dollars to buy shovels”.
Commentary: A Commentary on the SDGs, Fossil-Fuel Subsidy Reform and The Future We Want
August 20, 2014 |
The most recent draft of the Sustainable Development Goals (SDGs), an outcome from Rio+20 and The Future We Want, now includes international cooperation and potentially financial support towards cleaner fossil-fuel technologies; however, the draft goals no longer recognise the need to phase-out inefficient fossil-fuel subsidies, which stood at $554 billion in 2012 (IEA, 2013). That is four times the level of aid from the OECD DAC in 2013 ($134 billion). This is a step backwards.
Commentary: Electricity Generation Mixes of the Future: Roles for Nuclear or Renewables? Or Both? Or Neither?
April 1, 2014 |
Nuclear power will be the featured energy source in the International Energy Agency’s 2014 World Energy Outlook (WEO).1 To gather input, the IEA convened 100 experts in Paris on 31 March for an informal meeting—“The Future of Nuclear Power”—to help shape the three chapters of the upcoming WEO, which is standard reading for all in the energy policy field. The IEA’s Chief Economist, Fatih Birol, introduced the session noting that the WEO was always objective and does not lobby for any energy source or technology.
November 14, 2013 |“The United States will begin to publish annual reports on U.S. Government spending on fossil fuel subsidies and will share this information with the Group of 20 (G-20) and other relevant international bodies," according to the preview report of the second U.S. Open Government National Action Plan.
Blog: Ministers UAE and Oman Place Spotlight on Low Fossil-Fuel Pricing in the GCC
November 14, 2013 |
Low fossil-fuel prices are responsible for wasteful consumption in the countries of the Gulf Cooperation Council (GCC), said Al Mazroui, Minister of Energy of the United Arab Emirates, and Al Rumhy, Minister of Oil and Gas of Oman at the Abu Dhabi International Petroleum Exhibition and Conference on November 10, 2013. Al Mazroui framed the problem as one of setting low energy prices.
September 12, 2013 |The G-20 Summit in St. Petersburg on 5-6 September placed job creation and economic growth at the centre of the debate. The leaders’ declaration at the end of the summit emphasized the need for more transparency and accountability in the search for sound and sustainable economic growth.
August 22, 2013 |The Intergovernmental Panel on Climate Change (IPCC) circulated its draft Fifth Assessment Report among peer reviewers last weekend. While the draft revises down the low-end of the range of this century’s projected temperature rise to 2.7°C, most scientists find that greater than 5°C is more likely, given the current trends that could double CO2 concentrations in the coming decades.
Commentary: President Obama’s Climate Action Plan – Executive Powers Insufficient to Lead Globally
Will President Barack Obama’s Climate Action Plan put the United States on a pathway to sustainable development? And will this re-legitimize the United States as a global leader against climate change?
Blog: Country profile: petroleum-product subsidies in India
June 21, 2011 |
An overview of petroleum-product subsidies in India.
Blog: Renewable energy subsidies and the WTO: The wrong law and the wrong venue
June 19, 2011 |
Japan recently announced that consultations had failed to resolve its dispute with Canada over the Province of Ontario’s feed-in-tariffs for renewable energy, and that in mid-June it will be asking the WTO to establish a dispute settlement panel. This is awful news for the multilateral trade system, for which the dispute will be corrosive, seemingly pitting trade against the environment.
April 11, 2011 |Last November, the Financial Times published an article charging that U.S.-produced ethanol is collecting U.S. tax credits before being shipped to Europe, where it also qualifies for favorable tax treatment. I covered this story in "Taxpayer Subsidized Ethanol Exports May Bite Industry in the Future". The gist of my article was that if this charge is true, it completely undermines the supposed reasons U.S. taxpayers are subsidizing ethanol in the first place: to reduce dependence on foreign oil. In fact, as I showed in a later article, any ethanol that is exported actually increases U.S. dependence on foreign oil because it takes some oil to make the ethanol and then ship it to the export market.
April 11, 2011 |From 2006 to 2008, the world saw new price highs for a number of food commodities, with prices for grains like maize rising substantially, despite record crops, and many poor communities no longer able to afford their basic needs. When an internal World Bank report was leaked to the British newspaper The Guardian, worldwide attention turned to the role that biofuels might be playing in the crisis. It argued that increased biofuel production – in many countries, driven by generous subsidy programmes – had resulted in food commodities being diverted for use as biofuel feedstocks, such that food markets were now in direct competition with energy markets. The heated arguments over its findings have come to be known as the ‘food vs. fuel’ debate.
February 7, 2011 |This January, Deepak Gupta, the Secretary for India’s Ministry of New and Renewable Energy (MNRE), reaffirmed plans to install 20 Gigawatts (GW) of solar power by 2022, calling it “perhaps the biggest target in the world”. This follows a number of statements made by Dr Kirit S. Parikh, the author of a government-commissioned report last year, recommending that the country “boost” solar power capacity.
Blog: The Friends of Fossil Fuel Subsidy Reform: Supporting the G-20 and APEC commitments
February 7, 2011 |The Friends of Fossil Fuel Subsidy Reform is a group of countries committed to supporting the reform of inefficient fossil-fuel subsidies. In this joint statement, the Friends outline why they formed and what they aim to achieve.
Hope on the horizon: Will the G-20 really start the final countdown on unsustainable energy subsidies?
November 8, 2010 |For decades there has existed a community of researchers – spanning government ministries, international organisations, academia and civil society – working to increase the world’s understanding and awareness of harmful subsidies. Since September 2009, when the G-20 committed to phase out and rationalize inefficient fossil-fuel subsidies that lead to wasteful consumption and distorted long-term energy investments, much attention has turned to the subject. Marking just over a year after this agreement was reached, and in the run-up to the G-20’s Seoul Summit on 11−12 November, Subsidy Watch contacted Professor Cees van Beers and André de Moor, part of the fossil-fuel subsidy research community since the 1990s, and asked for a retrospective: how far have we come and how far have we yet to go?
Commentary: Some Concerns on the Fossil-Fuel Subsidies Debate in the G-20
November 8, 2010 |
Energy subsidies are a long-debated issue as regards their efficacy, efficiency and relationship with the problem of climate change. These questions have been recently included on the agenda of the G-20, after the Leaders’ Summit held in Pittsburgh in September 2009. Paragraphs 29 and 31 of the Leaders’ Statement set forth a course of action for member countries. In those paragraphs, fossil-fuel subsidies are questioned on the grounds that they can be inefficient and encourage wasteful consumption, and it is therefore proposed to phase them out over the medium-term, while recognizing the importance of providing those in need with essential energy services.