Every year, G20 governments spend $584 billion supporting the fossil fuels industry through "budgetary transfers and tax expenditure, price support, public finance, and SOE investment for the production and consumption of fossil fuels at home and abroad," according to a report published last year by the International Institute for Sustainable Development (IISD).

The fossil fuel industry’s grip on politicians blocked meaningful policies that could have protected our climate future and prevented these oil disasters.

The US Treasury has instructed representatives at multilateral development banks to support clean energy projects over fossil fuels, putting the fate of several gas projects in the balance.

In the midst of the climate emergency last month, the European Union and the United States proposed carbon taxes with the goal to reduce greenhouse gas emissions and prevent businesses from moving to countries with fewer regulation laws.

Richard A. Morgan from the North American Commission for Environmental Cooperation (CEC) discusses environmental cooperation within the new trilateral free trade agreement between Canada, Mexico, and the United States.

News that congressional Democrats in the U.S. are pushing for a tariff on exports from countries with high greenhouse-gas emissions could benefit Canada’s participation in a global effort to make international trade more climate-friendly.

In the race against climate change, increasing ambition over time is key. But revised commitments from parties to the Paris Agreement lack two critical components of ambitious climate action.

The imposition of carbon tariffs is legitimate for tackling environmental concerns but risks initiating a slippery slope towards global trade protectionism, experts warn.

But several recent developments suggest the shift to EVs is gaining traction.