Tackling Fossil Fuel Subsidies And Climate Change

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Tackling Fossil Fuel Subsidies And Climate Change

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Author : Merrill, Laura
language : en
Publisher: Nordic Council of Ministers
Release Date : 2015-10-21

Tackling Fossil Fuel Subsidies And Climate Change written by Merrill, Laura and has been published by Nordic Council of Ministers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-10-21 with Science categories.

This report presents research on fossil fuel subsidy reform across 20 countries and reveals an average reduction in national GHG emissions of 11% by 2020 from potential reform, and savings of USD 93 per tonne of CO2. With modest recycling of resources to renewables and energy efficiency, reductions can be improved. Countries are including reforms in contributions towards a climate agreement. Authored by the Global Subsidies Initiative as part of the Nordic Prime Ministers' green growth initiative www.norden.org/greengrowth

Tackling Fossil Fuel Subsidies And Climate Change

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Author : Laura Merrill
language : en
Publisher:
Release Date : 2015

Tackling Fossil Fuel Subsidies And Climate Change written by Laura Merrill and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with BUSINESS & ECONOMICS categories.

This report presents research on fossil fuel subsidy reform across 20 countries and reveals an average reduction in national GHG emissions of 11% by 2020 from potential reform, and savings of USD 93 per tonne of CO2. With modest recycling of resources to renewables and energy efficiency, reductions can be improved. Countries are including reforms in contributions towards a climate agreement. Authored by the Global Subsidies Initiative as part of the Nordic Prime Ministers' green growth initiative www.norden.org/greengrowth [Elib].

Fossil Fuel Subsidy Reform

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Author : Vernon JC Rive
language : en
Publisher: Edward Elgar Publishing
Release Date : 2019

Fossil Fuel Subsidy Reform written by Vernon JC Rive and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.

This much-needed book provides an empirically-grounded, and theoretically informed account of international law sources, mechanisms, initiatives and institutions which address and affect the practice of subsidising fossil fuel consumption and production. Drawing on recent scholarship on emerging international governance mechanisms, ‘informal’ international law-making and regime interaction, it offers suggestions, and critiques suggestions of others, for how the international law framework could be employed more effectively and appropriately to respond to environmentally and fiscally harmful fossil fuel subsidies.

The Politics Of Fossil Fuel Subsidies And Their Reform

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Author : Jakob Skovgaard
language : en
Publisher: Cambridge University Press
Release Date : 2018-08-23

The Politics Of Fossil Fuel Subsidies And Their Reform written by Jakob Skovgaard and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-08-23 with Business & Economics categories.

This comprehensive volume provides the first book-length account on the politics of fossil fuel subsidies. This title is also available as Open Access.

Making The Switch

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Author : Merrill, Laura
language : en
Publisher: Nordic Council of Ministers
Release Date : 2017-05-10

Making The Switch written by Merrill, Laura and has been published by Nordic Council of Ministers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-05-10 with Political Science categories.

This report estimates fossil fuel subsidies to be around USD 425 billion. Such subsidies represent large lost opportunities for governments to invest in renewable energy, energy efficiency and sustainable development. Removal of consumer subsidies can lead to carbon emission reductions (6 to 8 per cent by 2050 globally), Reductions that can be improved further with a switch or a "SWAP" towards sustainable energy. This report describes the scale and impact of fossil fuel subsidies on sustainable development. It describes the SWAP concept to switch savings made from fossil fuel subsidy reform, towards sustainable energy, energy efficiency and safety nets. The report provides potential SWAP outlines for Bangladesh, Indonesia, Morocco and Zambia. "Making the Switch" was written for the Nordic Council Ministers by the Global Subsidies Initiative of IISD and Gaia Consulting.

Cutting Emissions And Budget Deficits For A Post Pandemic World

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Author : Roth, Joachim
language : en
Publisher: Nordic Council of Ministers
Release Date : 2020-08-03

Cutting Emissions And Budget Deficits For A Post Pandemic World written by Roth, Joachim and has been published by Nordic Council of Ministers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-08-03 with Science categories.

Available online: https://norden.diva-portal.org/smash/record.jsf?pid=diva2:1456194 In 2020, the long-term crisis of climate change has been temporarily overshadowed by the COVID-19 emergency, pushing many governments into deep budget deficits. As countries mobilize funds to fight the pandemic and bolster their economies, it cannot be ignored that whatever measures are put in place to recover from the current crisis must not undermine efforts to tackle the longer term threat of climate change. Article 2.1.c of the Paris Agreement on climate change: “making finance flows consistent with a pathway toward low greenhouse gas emissions and climate-resilient development”, applies just as much now as before. This working paper explores how two fiscal tools, fossil fuel subsidies (FFS) and carbon pricing — putting a price on greenhouse gas (GHG) emissions through taxation or carbon markets, influence the signal sent to the market to align economic development with climate constraints. Fossil fuel subsidies act as a negative price on carbon and increase the risk of locking investment in fossil fuels that are incompatible with the low-carbon transition required to meet the Paris Agreement’s objectives. As we document in the report, the current coverage and levels of carbon pricing are also deeply insufficient to meet the goals of the Paris Agreement limiting the increase of the global average temperature to “well below 2°C” while “pursuing efforts to limit the temperature increase to 1.5 degrees C. This Working Paper explores the interplay between FFS reform and carbon pricing at the international and national levels. We note that effective carbon pricing, promoted by the Organisation for Economic Co-operation and Development and the International Monetary Fund, is a valuable tool to send effective carbon mitigation signals to the market. However, without including the impact of fossil fuel subsidies, these analyses present only a partial picture. These findings highlight the importance of increasing implicit and explicit carbon prices and reforming fossil fuel subsidies. In the context of the COVID-19 emergency, it is essential that governments, in a hurry to take action to boost their economies, don’t overlook the need to keep recovery stimulus policies aligned with climate goals.

Fossil Fuel Subsidy Reforms

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Author : Jun Rentschler
language : en
Publisher: Routledge
Release Date : 2018-04-27

Fossil Fuel Subsidy Reforms written by Jun Rentschler and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-04-27 with Political Science categories.

Countries around the world are spending up to $500 billion per year on subsidising fossil fuel consumption. By some estimates, the G20 countries alone are spending around another $450 billion on subsidising fossil fuel production. In addition, the indirect social welfare costs of these subsidies have been shown to be substantial – for instance due to air pollution, road congestion, climate change, and economic inefficiency, to name a few. Considering these numbers, there is no doubt that fossil fuel subsidies cause severe economic distortions that compromise countries’ prospects of achieving equitable and sustainable development. This book provides a guide to the complex challenge of designing, assessing, and implementing effective fossil fuel subsidy reforms. It shows that subsidy reform requires a careful balancing of complex economic and political trade-offs, as well as measures to mitigate adverse effects on vulnerable households and to assist firms with implementing efficiency enhancing measures. Going beyond the purely fiscal perspective, this book emphasises that smart subsidy reforms can contribute to all three dimensions of sustainable development – environment, society, and economy. Over the course of eight chapters, this book considers a wide range of agents and stakeholders, markets, and policy measures in order to distil the key principles of designing effective fossil fuel subsidy reforms. This book will be of great relevance to scholars and policy makers with an interest in energy economics and policy, climate change policy, and sustainable development more broadly.

Swapping Fossil Fuel Subsidies For Sustainable Energy

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Author : Richard Bridle
language : en
Publisher: Nordic Council of Ministers
Release Date : 2018-12-07

Swapping Fossil Fuel Subsidies For Sustainable Energy written by Richard Bridle and has been published by Nordic Council of Ministers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-12-07 with Business & Economics categories.

Underpricing of fossil fuels, caused by subsidies, drives carbon intensive consumption. Reforming fossil fuel subsidies and allocating some of the savings to sustainable energy could accelerate a transition to fairer, safer, cleaner and more sustainable energy systems. This report outlines the Nordic Council of Ministers’ work to promote these swaps through the development of a business model and description of the link between fossil fuel subsidies, reforms and carbon emissions. The report evaluates potential swaps to increase industrial energy efficiency in the mining sector, in the context of energy sector reforms in Zambia; and the replacement of butane subsidies with solar investments in Morocco. The report also presents an outline of how Nordic countries are supporting reforms and driving the swaps agenda as part of Nordic Solutions to Global Challenges.

The Economisation Of Climate Change

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Author : Jakob Skovgaard
language : en
Publisher: Cambridge University Press
Release Date : 2021-03-25

The Economisation Of Climate Change written by Jakob Skovgaard and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-03-25 with Business & Economics categories.

Discusses how G20, IMF and OECD have addressed climate finance and fossil fuel subsidies, including consequences for climate politics.

Global Fossil Fuel Subsidies Remain Large An Update Based On Country Level Estimates

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Author : Mr.David Coady
language : en
Publisher: International Monetary Fund
Release Date : 2019-05-02

Global Fossil Fuel Subsidies Remain Large An Update Based On Country Level Estimates written by Mr.David Coady and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-05-02 with Business & Economics categories.

This paper updates estimates of fossil fuel subsidies, defined as fuel consumption times the gap between existing and efficient prices (i.e., prices warranted by supply costs, environmental costs, and revenue considerations), for 191 countries. Globally, subsidies remained large at $4.7 trillion (6.3 percent of global GDP) in 2015 and are projected at $5.2 trillion (6.5 percent of GDP) in 2017. The largest subsidizers in 2015 were China ($1.4 trillion), United States ($649 billion), Russia ($551 billion), European Union ($289 billion), and India ($209 billion). About three quarters of global subsidies are due to domestic factors—energy pricing reform thus remains largely in countries’ own national interest—while coal and petroleum together account for 85 percent of global subsidies. Efficient fossil fuel pricing in 2015 would have lowered global carbon emissions by 28 percent and fossil fuel air pollution deaths by 46 percent, and increased government revenue by 3.8 percent of GDP.