Energy subsidies sizeable worldwide and projected to stay high
China top subsidizer in dollar terms, Ukraine in percent of GDP, and Qatar in per capita terms
Countries can reap fiscal and environment gains by reforming energy subsidies
Energy subsidies are projected at US$5.3 trillion in 2015, or 6.5 percent of global GDP, according to a recent IMF study. Most of this arises from countries setting energy taxes below levels that fully reflect the environmental damage associated with energy consumption.
Climate change is widely recognized as the most urgent issue facing planet Earth. The scientific community is clear: we must take strong action to stop practices that are causing global warming or risk passing a tipping point. [1]
Yet instead of democratic leadership to protect the wellbeing of the planet ahead of all other interests, the UN is giving a stronger role to the fossil fuel industry in setting global climate change policy.
The locales say that actions by oil, natural gas and coal companies intensified climate change
Two California counties and a city yesterday sued 37 oil, natural gas and coal companies and trade groups, saying their actions intensified climate change and exacerbated costly sea-level rise.
Climate scientist Bill Hare says that China's and India's moves towards renewable energy could counter the negative effects of the Trump administration's climate policies
The Labour Party under Jeremy Corbyn have released their 2017 manifesto for the June 8th General Election, entitled “For the Many, Not the Few.” The manifesto outlines policies of interest those dedicated to the movements for energy democracy and a just transition away from fossil fuels.
