Green or Brown? As lockdowns lift, governments face a recovery climate choice
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G20 finance ministerials and World Bank/IMF spring meetings will take place this week in Washington. High on the agenda is the need to mobilize trillions of dollars of investment in the transition to clean energy.
Experts Call on G7 to Get Serious on Fossil Fuel Subsidy Reform
At this month’s G7 meetings, ministers need to close the loopholes and show they are serious about tackling fossil fuel subsidies.
South Africa Fossil Fuel Subsidies Top $6 Billion, Study Shows
South Africa's fossil fuel subsidies rose to a 118 billion rand ($6.3 billion) in the 2023 fiscal year, providing incentives that encourage their continued use, according to a Canadian think tank. Government support for oil and gas consumption, electricity that's largely generated from coal, and carbon tax exemptions has tripled since 2018 in Africa's most industrialized nation, researchers at the Winnipeg-based International Institute for Sustainable Development wrote in a report published Tuesday.
South African Fossil Fuel Subsidies Hit Record Highs as Country's Energy Crisis Deepens
South Africa's fossil fuel subsidies tripled between 2018 and 2023, hitting USD 7.5 billion, up from USD 2.9 billion 5 years earlier, a new report by IISD reveals.