Revealing the scale of subsidies to fossil fuels
Most governments around the world, rich and poor alike, encourage fossil fuel production or consumption with financial support. Globally, subsidies to fossil fuels may be on the order of US$ 500 billion per year, of which about US$ 100 billion is provided to producers. Nobody knows the real number, however, because there is no international framework for regularly monitoring fossil-fuel subsidies.
In 2007, a feasibility study for the estimation of fossil-fuel subsidies was conducted by the EPFL (ETH Lausanne) with inputs from the Global Subsidies Initiative (GSI) and Paul Scherrer Institut (PSI).
Following this study, the Global Subsidies Initiative launched a full research program into fossil-fuel subsidies, the results of which can be found here.
You might also be interested in
TEST Green Public Procurement in India
This report analyzes the status of green public procurement (GPP) in India and suggests key strategies for advancing sustainable procurement practices.
Leveraging Digital Infrastructure for Mining Community Resilience
This report explores the socio-economic impacts and potential of new technologies in the mining sector.
Unlocking Supply Chains for Localizing Electric Vehicle Battery Production in India
This study aims to highlight the key supply chain barriers in localizing electric vehicle (EV) battery cell manufacturing in India. It summarizes consultations with 12 companies, as well as experts and policy-makers, to determine the crucial challenges and opportunities in localizing battery manufacturing in India.
Addressing Liquidity Challenges: A conceptual framework
A conceptual framework for addressing liquidity challenges in sovereign debt.