Canada spending three times more backing oil and gas than renewables, says think tank
The Canadian government is funneling nearly three times more financial support to fossil fuels than renewables, says a new IISD report that blames wealthy nations for slowing the global energy transition by continuing to subsidize oil and gas.
Participating experts
You might also be interested in
A Guide to Guarantees for Sovereign Debtors
A guide to deploying sovereign guarantees to mobilize capital and support sustainable development while managing fiscal risks.
The Strait of Hormuz Crisis Emphasizes Why Canada Should Move Away From Oil and Gas—Not Expand It
The closure of the Strait of Hormuz cut off roughly 25% of the world’s seaborne oil and 20% of LNG trade. In response, many countries are diversifying supply chains and increasingly ramping up domestic renewable capacity to improve energy security. Meanwhile, the Government of Canada has taken steps to expand oil and gas production.
Managing Energy Price Crises
This report outlines a strategic decision framework policy-makers can use when responding to fossil fuel price shocks.
Removing a Fossil Fuel Subsidy Is a Means, Not an End—The transition is the point
COFFIS is an international coalition working to phase out fossil fuel subsidies. Kim Solberg, part of the team that founded COFFIS, sits down to explain what made it possible—and why, in her view, a subsidy can only be removed as part of the wider transition it's meant to serve.