The Great Transition
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Policy news & blueprints for the transition to a new Sustainable and Social Economy
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Wind power still gets lower public subsidies than fossil fuel tax breaks

Wind power still gets lower public subsidies than fossil fuel tax breaks | The Great Transition | Scoop.it
Financial support for renewable energy under attack as gas, oil and coal still subsidised to far greater extent, new data shows...
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Phasing out fossil fuel subsidies 'could provide half of global carbon target'

Phasing out fossil fuel subsidies 'could provide half of global carbon target' | The Great Transition | Scoop.it
Such a move could save the equivalent of Germany's annual emissions by 2015, says chief economist at the IEA...

 

Very good article in The Guardian based on interview with Fatih Birol of the IEA.

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Governments Spend $1.4 Billion Per Day to Destabilize Climate

Governments Spend $1.4 Billion Per Day to Destabilize Climate | The Great Transition | Scoop.it

"Worldwide, direct fossil fuel subsidies added up to roughly $500 billion in 2010. Of this, supports on the production side totaled some $100 billion. Supports for consumption exceeded $400 billion, with $193 billion for oil, $91 billion for natural gas, $3 billion for coal, and $122 billion spent subsidizing the use of fossil fuel-generated electricity. All together, governments are shelling out nearly $1.4 billion per day to further destabilize the earth’s climate."

 

Lester Brown's analysis of global fossil fuel subsidies puts governmental efforts to deal with climate change in another light.

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