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Developed countries spent more on fossil fuel subsidies in 2023 than new climate finance package

An analysis by IISD showed that government support for fossil fuels reached at least USD 1.5 trillion in 2023, the second-highest annual total on record, after 2022 when the Russia-Ukraine war triggered a global fossil fuel price crisis.

IISD in the news December 20, 2024

Why Does Debt Matter for Sustainable Development and Climate Action?

Anahí Wiedenbrüg discusses how effective debt management can help developing countries achieve climate action and SDG goals while minimizing financial risks.

Explainer December 20, 2024

Could tariffs fight climate change?

Canada and the U.S. are among those discussing carbon tariffs or carbon border adjustments as a way to protect local industry and achieve climate goals at the same time. But do they work? Where are they being implemented? And what will that do to trade and the cost of living?

IISD in the news December 19, 2024

Nine Wins for Sustainable Development in 2024

Looking back on 2024, let’s take a moment to pause and appreciate the positive milestones of the year. Join us in celebrating the small and big wins for global sustainability.

Explainer December 19, 2024

Sustainable Asset Valuation (SAVi) of a Small-Scale Tree Planting Initiative in Côte d'Ivoire

This report analyzes the social, economic, and environmental outcomes of a small-scale tree planting initiative at schools in Côte d'Ivoire.

Report December 19, 2024

Toward a Coherent, Transformative Approach to Financing Sustainable Development, Climate, and Nature

Four key proposals for the Fourth Financing for Development Conference (FfD4) to create an integrated, equitable approach to financing climate, nature, and development goals.

Brief December 19, 2024

Green Public Procurement in India

This report analyzes the status of green public procurement (GPP) in India and suggests key strategies for advancing sustainable procurement practices.

Report December 19, 2024

December 2024 | Carbon Minefields Oil and Gas Exploration Monitor

In November 2024, 23 oil and gas exploration licences were awarded across five countries, with Russia granting the licences that account for the largest portion of embodied emissions.

Newsletter December 19, 2024

The Cost of Fossil Fuel Reliance

Government support for fossil fuels reached at least USD 1.5 trillion in 2023, new data shows.

Insight December 18, 2024

Commission must stop Energy Charter Treaty hijacking EU climate policy

The Energy Charter Treaty allows fossil fuel investors to sue EU member states before international arbitral tribunals to challenge climate mitigation measures. This legal mechanism is increasingly weaponized by the industry, IISD's Lukas Schaugg writes.

IISD in the news December 18, 2024

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