About: fossil fuels subsidies

Worried by climate change, EU moves to end fossil fuel funding

The European Union should phase out its funding of oil, gas and coal projects, EU finance ministers said in a joint statement on Friday (8 November), in a move that could mark a major shift in the bloc's efforts to combat climate change.
Climate change 26-09-2017

Without carbon tax, we are heading for climate doom

A high tax on carbon emissions is strictly necessary to halt climate change, according to Gaël Giraud, chief economist in the French development agency (AFD). EURACTIV’s partner Journal de l’Environnement reports.

Green finance group calls on EU to stop funding fossil fuels

A group of financial experts has set out their vision for hardwiring sustainability goals into the European Union’s financial system, calling on 28-country bloc to stop pouring public money into polluting fossil fuels and focus spending on clean energies instead.

EU pushed towards ‘climate disclosure’ regime for investors

Pressure is building on global regulators and the European Commission to “stress-test” portfolios of large institutional investors against long-term objectives to reduce climate change, in a move that could shift billions in investment away from fossil fuels.
Climate change 02-12-2015

European banks clinging to coal investments

Europe’s big banks have failed to significantly cut their investments in coal in the five years between the UN climate conferences of Copenhagen and Paris. EURACTIV France reports
Climate change 19-11-2015

Developed countries agree to cut coal subsidies in 2017

The European Union and eight OECD countries have agreed to reduce state aid for coal-fired power stations in developing countries. But many stations will be exempt from the cuts. EURACTIV France reports
Offshore drilling

Fossil fuel subsidies reach $452bn a year, study says

The G20 group of major economies spend $452 billion per year supporting fossil fuel industries, despite their primary role in causing climate change, according to a study released on Thursday (12 November).
Transport 22-09-2015

Luxembourg under fire for fossil fuel subsidies ahead of climate talks

Luxembourg was today (22 September) criticised by campaigners for leading talks about the UN Climate Change Conference in Paris this November, while having the highest per capita fossil fuel subsidies in the European Union.
Energy 21-09-2015

OECD: ‘Ample scope’ for more cuts in fossil fuel subsidies

Major nations seem to be reducing fossil fuel subsidies but still have "ample scope" for deeper cuts in recent support of up to $200 billion (about €178 billion) a year, the Organisation for Economic Cooperation and Development (OECD) said on Monday.
Energy 19-05-2015

Fossil fuels subsidised by $10m a minute, says IMF

Fossil fuel companies are benefitting from global subsidies of $5.3 trillion (€4.74 tn) a year, equivalent to $10m a minute every day, according to a startling new estimate by the International Monetary Fund.
Energy 30-03-2015

Rich nations’ fossil fuel export funding dwarfs green spend

Rich nations provided around five times as much in export subsidies for fossil-fuel technology as for renewable energy over a decade, according to OECD data seen by Reuters.
Development Policy 06-02-2015

France to axe coal subsidies while EU stalls

EXCLUSIVE / The French government intends to end to its support for coal in developing countries. EURACTIV has seen a Commission document that shows that the EU has more modest ambitions. EURACTIV France reports
Development Policy 29-01-2015

Climate finance eclipsed by fossil fuel subsidies

The successful conclusion of a global agreement at the Paris Climate Conference depends heavily on the mobilisation of finance for the fight against climate change. So far, international fundraising efforts have lacked intensity. EURACTIV France reports
[theverb.org/flickr]

IEA warns against fossil fuel subsidies and the cost of nuclear power

In its 2015 World Energy Outlook, the International Energy Agency expressed its concern at fossil fuel subsidies, the dismantling of nuclear power stations and the 80% increase in demand for electricity by 2040. EURACTIV France reports
Climate change 15-11-2013

Yvo de Boer: Europe looking for the climate future in the past

SPECIAL REPORT / European politicians are stuck in the past in their search of climate change solutions, the UN's former climate chief told EURACTIV in an interview, adding they need a more "adult understanding" of the tight links between climate, the economy and energy, including energy security.
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