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News & Events

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News, Press Releases, & Announcements

Press Release: India’s coal power sector dragging its feet to address avoidable air pollution

New Delhi, August 6, 2019 – Most coal-fired power plants in India have not installed pollution control technology, although the Central Government revised emissions standards almost four years ago. A new analysis estimates the cost of installing technology to control for sulphur oxides, nitrogen oxides and particulate matter (among others) at between INR 73,000 crore (USD 10 billion) and INR 86,000 crore (USD 12 billion).

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Press Release: Ontario provides roughly CAD 700 million annually to subsidize fossil fuels at a time of fiscal constraint, new report shows

Ottawa, July 31 2019 – Ontario, a province undergoing an aggressive push to balance its budget after projecting a deficit of CAD 11.7 billion in 2018/19, still provides roughly CAD 700 million in subsidies to fossil fuels that increase greenhouse gas emissions and contribute to climate change, according to a new study by the International Institute for Sustainable Development (IISD)’s Global Subsidies Initiative.

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Press Release: Fuel Price Cuts From October to June Eclipse Support for Electric Vehicles

New Delhi, July 25, 2019 – Until last month, Indian drivers were paying a tiny bit less to fill their vehicles with petrol and diesel thanks to a government decision that was reversed in the recent Union Budget. While the INR 2.5 (USD .03) per litre may not have mattered too much to consumers, it had big consequences in terms of government revenue.  

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News: Converting Fossil Fuel Subsidy Reform into Opportunities for Climate Action

New York, 10 July 2019 – High-Level Political Forum side event explored FFS reform as the missing piece of the climate change challenge. Aiming at more effective implementation of the Paris Agreement, the event highlighted how FFS contradicts the spirit of a number of SDGs, including SDG3 (Health) and SDG7 (Energy), and explained how their removal may contribute to reach SDG13 (Climate Action) and to achieve the goals of the 2030 Agenda. 

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News: We can cut GHG emissions with fossil fuel subsidy reform – new study released at Bonn Climate Sessions

Bonn Climate Sessions, SB50 June 16 to June 21 – The Global Subsidies Initiative along with the Friends of Fossil Fuel Subsidy Reform (FFSR) and the German Ministry of the Environment, Nature Conservation and Nuclear Safety (BMU) launched a new report on greenhouse gas mitigation opportunities from fossil fuel subsidy reform. The research modelled the possible impacts by 2025 of policy changes across 26 countries.

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News: G20 support to coal power plants increases by more than double: Report

Geneva, June 25, 2019 - G20 governments have more than doubled the amount of financial support they provide to coal power plants in just three years, despite pledging a decade ago to phase out subsidies to all fossil fuels and help prevent catastrophic climate change. In a new report, ‘G20 coal subsidies: Tracking government support to a fading industry’, researchers found that despite a historic fall in total inves

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News: Reforming Subsidies Could Help Pay for a Clean Energy Revolution: Report

Reforming the USD 372 billion countries spend each year on fossil fuel subsidies and reallocating between 10 and 30 per cent of the savings to renewable projects would help pay for a transition to clean energy. This is the finding of a new study by the Global Subsidies Initiative (GSI) of the International Institute for Sustainable Development (IISD).

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