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News & Events

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News, Press Releases, & Announcements

News: India Begins Phased Diesel Price Hikes

January 18, 2013
DELHI – 18 January 2013 – The Cabinet Committee on Political Affairs (CPPA), under the leadership of Prime Minister Manmohan Singh, announced yesterday that it would increase India’s diesel prices, and continue to do so through a series of phased hikes, until the existing INR 9.60 (US$ 0.18) per litre subsidy is eliminated.

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News: GIZ-GSI Workshop on Smart Fuel Price Regulation

November 10, 2012
GERMANY – 8-9 November 2012 – In response to growing demand for collaboration and exchange of knowledge on best practices for fuel price regulation, the German development agency GIZ and the Global Subsidies Initiative (GSI) organized a dedicated workshop “Smart Fuel Price Regulation”, held at GIZ headquarters in Eschborn, with financial support of the German Federal Ministry for Economic Cooperation and Development (BMZ).

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News: EC proposes to revise biofuel subsidies

October 18, 2012
BRUSSELS – 17 October 2012 – The European Commission released today a legislative proposal that would reduce support to conventional biofuels while creating additional incentives for advanced biofuels.

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News: India cuts subsidies for diesel and LPG

September 14, 2012
DELHI - 14 September 2012 – The Government of India today announced a 14% increase in the diesel price and new quotas for subsidized LPG cylinders in a bid to reduce its mounting fuel subsidy budget. The reforms are intended to shore up India’s weakening fiscal position.

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News: France Takes a U-turn on Biofuel Subsidies

September 13, 2012
PARIS – 12 September 2012 – The French cabinet has gathered to reconsider its policy that mandates and otherwise subsidizes the use of traditional crop-based biofuels. The new Socialist government's action plan for agriculture proposes that the use of crop-based biofuels should be capped at 7 per cent, the current level.

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News: Guardian data blog on fossil-fuel subsidies

May 18, 2012
UK newspaper The Guardian has published an article on fossil-fuel subsidies in its ‘data blog’. The piece accurately reports a summary of the latest data of fossil-fuel subsidies around the world – their size, inefficiency and incidence.

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News: Schooling Citizens in the Irrationality of Fossil-Fuel Producer Subsidies

April 12, 2012
In an op-ed for the Los Angeles Times, Bill McKibben, Middlebury College professor and founder of the global climate campaign 350.org, highlights the irrationality of U.S. subsidies to fossil-fuel producers by comparison with a type of support that most people are more familiar with - low-interest college loans and scholarships.

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News: Subsidies to Norway's Oil and Gas Industry Estimated at NOK 25.5 bn in 2009

February 14, 2012
The Norwegian government provided 25.5 billion Norwegian kroner (US$4 billion) in subsidies for upstream oil and gas activities in 2009, according to a new report. The report, published by the International Institute for Sustainable Development’s Global Subsidies Initiative, and authored by Econ Pöyry, provides the first detailed accounting of oil and gas subsidies in Norway.

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News: Nigeria Poised to End Fuel Subsidies

October 3, 2011
Nigeria appears poised to end fuel subsidies, an unpopular move in the oil-rich nation where citizens have come to expect cheap fuel as one of their few government benefits, reports Bloomberg. The government submitted a three-year plan to lawmakers proposing to save US$ 8 billion by phasing out subsidies starting from the 2012 fiscal year. The plan says part of that amount can help the poor.

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