Analysis: Ukraine crisis could boost ballooning fossil fuel subsidies
Sky-high oil prices resulting from a potential Russian oil import ban could force governments to pour more cash into fossil fuel subsidies to shield consumers from rising energy bills, rather than use the money to fight climate change.
You might also be interested in
Governments are subsidizing the destruction of nature even as they promise to protect it
When dignitaries from 196 countries converge in Montreal next week to rub shoulders and hash out a new global agreement to save nature, money will be on the agenda.
COP27 diary (November 16): '$100 billion in climate finance more of gesture from rich countries'
The 27th Conference of Parties (COP27) to the United Nations Framework Convention on Climate Change in Sharm El-Sheikh, Egypt, began November 7, 2022. Here’s a look at what happened on day 10 of COP27 climate talks. The draft text for a cover decision is yet to be produced by the COP27 Presidency as of 7.30 am November 17, leading many to wonder how long discussions will continue to arrive at a consensus on the document once released. Just two days of the summit remain.
Leaders’ Club Cuts Fossil Fuel Finance but Falls Short on Clean Energy Support
Signatories of the Clean Energy Transition Partnership have cut their international public finance for fossil fuels dramatically since signing the agreement but are underdelivering on the clean finance pledge.
Carbon Minefields: Oil and gas exploration surging to pre-Covid levels
Oil and gas exploration is booming despite an agreement at last year’s COP 28 climate summit to transition away from fossil fuels.