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News, Press Releases, & Announcements

News: Cash for clunkers poor for the environment and the economy

September 15, 2009

Since the outset of the global economic crisis, governments have rescued companies and industries deemed too large or important to fail. As public opinion has mounted against these handouts, politicians have looked for ways to help struggling industries without attracting public scorn.

News: Discussion paper reviews methods for measuring irrigation subsidies

June 24, 2009

A discussion paper published in June by the GSI aims to encourage the development of an internationally recognized methodology for quantifying irrigation subsidies. To date, a variety of methods have been used to measure subsidies for irrigation.

News: Mexican Agriculture Ministry signals new strategy to phase-out direct agriculture subsidies

May 12, 2009

The government of Mexico is preparing to phase-out direct subsidies to farmers over the next ten years, according to an announcement made by the Ministry of Agriculture (SAGARPA). SAGARPA will instead focus its resources on providing credit and financing to Mexican farmers to help them develop their businesses.

News: Major Chilean transparency law goes into effect

May 12, 2009

Chile introduced a major piece of legislation in April that requires all branches of government to publish up-to-date information on expenditures, salaries and subsidies. The legislation, entitled ‘Ley de Transparencia de la Función Pública y Acceso a la Información del Estado’ (Law for the Transparency of Public Administration and Access to State Information), forms part of a larger government accountability agenda which was announced by president Michelle Bachelet in January of 2007.

News: U.S. renewable energy tax credit pays pulp and paper mills to do business as usual

May 12, 2009

American pulp and paper companies have begun increasing their use of fossil fuels in order to become eligible for a renewable-energy tax credit, while also reaping millions of dollars in tax rebates. The renewable-energy tax credit in question was originally meant to encourage transport companies to blend fossil fuels with alternative fuels to power their vehicles.

News: Nigeria considers cuts in fuel subsidies; President Obama aims to reduce farm subsidies; U.S. project builds subsidy databases

March 4, 2009

The Nigerian federal government has announced plans to cut its subsidies for petroleum fuels, saying that the price tag has become unaffordable. According to the federal government, Nigeria spent over US$4.3 billion on petroleum fuel subsidies in 2008. Despite its significant oil reserves, Nigeria imports much of its petroleum products, before selling them at below market rates.

News: EU Member States begin revealing the recipients of fisheries subsidies

November 12, 2008

European Member States have begun posting lists of the beneficiaries of certain EU fisheries subsidies. Under recently introduced regulations, Member States are required to make public the names of beneficiaries of the EU Fisheries Fund (EFF).

News: South Korean government rattled by massive rice subsidy corruption scandal

November 10, 2008

South Korea’s ruling party is under fire in the wake of a massive subsidy scandal that reaches the upper echelons of government. The scandal erupted on 6 October when local newspapers reported that the Vice Minister of Health, Welfare and Family affairs, Lee Bong-Hwa, illegally applied for rice subsidies.

News: The United States closes controversial 'splash and dash' biofuels subsidy loophole

November 10, 2008

The U.S. Congress has closed a controversial loophole that allowed foreign-produced biofuels consumed outside the U.S. market to, nevertheless, benefit from U.S. subsides. The new provision, added by the House of Representatives to the US$ 700 billion financial system bailout legislation, would end the biodiesel credit for fuel “produced outside the US for use as a fuel outside the US”.

News: U.S. House of Representatives passes renewable energy bill paid by cancelling oil company subsidies

October 5, 2008

The United States House of Representative narrowly passed legislation last month that would increase incentives for renewable energy production, while removing tax breaks for the so-called ‘Big Five’ oil companies, as well as firms controlled by foreign governments such as Citgo (Venezuela).

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