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Posts Tagged ‘Subsidies’

Can President Obama take $4 billion is subsidies from the oil industry?

SHANGHAI, May 24 (Reuters) - China will award buyers of green cars with subsidies of up to 60,000 yuan ($8,789) each, the Shanghai Securities News said on Monday, as it steps up efforts to cut emissions in the world's biggest auto market.

The G20 ‘agreed that all subsidies that encourage wasteful consumption must go.’ The G20 is composed of 19 countries plus the European Union and international financial institutions. This group accounts for 80 percent of greenhouse-gas emissions, also because of fossil fuel subsidies that do not augur well for the fight against climate change whose major culprit is fossil fuel combustion. Most of these fossil fuel subsidies come from the poor and middle-income countries. The category of ‘poor

[Renovation of wind turbines delayed for lack of subsidies -- New proof that without generous subsidies, the renewable energy business is not profitable. The new premium offered by the government is not enough to replace old wind turbines with more efficient machines. That's because "the green bubble has burst".] Una nueva prueba de que sin subvenciones generosas, el negocio de las energías renovables no es rentable. La nueva prima que ofrece el Gobierno no es atractiva para sustituir los antigu

Emily Gertz at Grist writes: G20 cans fossil-fuel subsidies, but fails to make other climate-conserving moves On Friday afternoon, President Barack Obama formally announced that the world’s 20 major developed and developing nations had agreed to gradually eliminate fossil-fuel subsidies. It was the only climate-specific policy directive to come out of the Group of 20 (G20) Summit in Pittsburgh, and it fell far short in the view of climate activists, who were hoping for a firm propo