Download or read book Tackling Fossil Fuel Subsidies and Climate Change written by Merrill, Laura and published by Nordic Council of Ministers. This book was released on 2015-10-21 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

Download or read book Tackling Fossil Fuel Subsidies and Climate Change written by Laura Merrill and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: 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].

Download or read book The Politics of Fossil Fuel Subsidies and Their Reform written by Harro van Asselt and published by Cambridge University Press. This book was released on 2018-08-31 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Fossil fuel subsidies strain public budgets, and contribute to climate change and local air pollution. Despite widespread agreement among experts about the benefits of reforming fossil fuel subsidies, repeated international commitments to eliminate them, and valiant efforts by some countries to reform them, they continue to persist. This book helps explain this conundrum, by exploring the politics of fossil fuel subsidies and their reform. Bringing together scholars and practitioners, the book offers new case studies both from countries that have undertaken subsidy reform, and those that have yet to do so. It explores the roles of various intergovernmental and non-governmental institutions in promoting fossil fuel subsidy reform at the international level, as well as conceptual aspects of fossil fuel subsidies. This is essential reading for researchers and practitioners, and students of political science, international relations, law, public policy, and environmental studies. This title is also available as Open Access.

Download or read book Fossil Fuel Subsidy Reforms written by Jun Rentschler and published by Routledge. This book was released on 2018-04-27 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book The Economisation of Climate Change written by Jakob Skovgaard and published by Cambridge University Press. This book was released on 2021-01-21 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The effort to address climate change cuts across a wide range of non-environmental actors and policy areas, including international economic institutions such as the Group of Twenty (G20), International Monetary Fund (IMF), and the Organisation for Economic Co-operation and Development (OECD). These institutions do not tend to address climate change so much as an environmental issue, but as an economic one, a dynamic referred to as 'economisation'. Such economisation can have profound consequences for how environmental problems are addressed. This book explores how the G20, IMF, and OECD have addressed climate finance and fossil fuel subsidies, what factors have shaped their specific approaches, and the consequences of this economisation of climate change. Focusing on the international level, it is a valuable resource for graduate students, researchers, and policymakers in the fields of politics, political economy and environmental policy.

Download or read book Fossil Fuel Subsidy Reform written by Vernon JC Rive and published by Edward Elgar Publishing. This book was released on 2019 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Making the Switch written by Merrill, Laura and published by Nordic Council of Ministers. This book was released on 2017-05-10 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Cutting Emissions and Budget Deficits for a Post Pandemic World written by Roth, Joachim and published by Nordic Council of Ministers. This book was released on 2020-08-03 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Swapping Fossil Fuel Subsidies for Sustainable Energy written by Richard Bridle and published by Nordic Council of Ministers. This book was released on 2018-12-07 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Energy Subsidy Reform written by Mr.Benedict J. Clements and published by International Monetary Fund. This book was released on 2013-09-13 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: Energy subsidies are aimed at protecting consumers, however, subsidies aggravate fiscal imbalances, crowd out priority public spending, and depress private investment, including in the energy sector. This book provides the most comprehensive estimates of energy subsidies currently available for 176 countries and an analysis of “how to do” energy subsidy reform, drawing on insights from 22 country case studies undertaken by the IMF staff and analyses carried out by other institutions.

Download or read book Activism and the Fossil Fuel Industry written by Andrew Cheon and published by Routledge. This book was released on 2018-02-06 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: In less than a decade, activism against the fossil fuel industry has exploded across the globe. While environmentalists used to focus on legislative goals, such as carbon emissions trading or renewable energy policies, today the most prominent activists directly attack the fossil fuel industry. This timely book offers a comprehensive evaluation of different types of activism, the success and impact of campaigns and activities, and suggestions as to ways forward. This book is the first systematic treatment of the anti-fossil fuel movement in the United States. An accessible and readable text, it is an essential reference for scholars, policymakers, activists, and citizens interested in climate change, fossil fuels, and environmental sustainability. The entire book or chapters from it can be used as required or supplementary material in various courses at the undergraduate and graduate level. As the book is not technically challenging but contains a comprehensive review of climate change, fossil fuels, and the literature on environmental activism, it can be used as an accessible introduction to the anti-fossil fuel campaign across disciplines.

Download or read book Global Fossil Fuel Subsidies Remain Large An Update Based on Country Level Estimates written by Mr.David Coady and published by International Monetary Fund. This book was released on 2019-05-02 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book The Economisation of Climate Change written by Jakob Skovgaard and published by Cambridge University Press. This book was released on 2021-03-25 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses how G20, IMF and OECD have addressed climate finance and fossil fuel subsidies, including consequences for climate politics.

Download or read book Ending Fossil Fuel Subsidies written by Neil McCulloch and published by . This book was released on 2023-01-15 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic and the tragic war in Ukraine illustrate that fossil fuel subsidy reform will only succeed where it supports the achievement of things that really matter politically - energy security, protection from climate change, better air quality, and resources to improve people's lives. The book lays out a new agenda for action.

Download or read book The Palgrave Handbook of Managing Fossil Fuels and Energy Transitions written by Geoffrey Wood and published by Springer Nature. This book was released on 2019-11-12 with total page 647 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook is the first volume to comprehensively analyse and problem-solve how to manage the decline of fossil fuels as the world tackles climate change and shifts towards a low-carbon energy transition. The overall findings are straight-forward and unsurprising: although fossil fuels have powered the industrialisation of many nations and improved the lives of hundreds of millions of people, another century dominated by fossil fuels would be disastrous. Fossil fuels and associated greenhouse gas emissions must be reduced to a level that avoids rising temperatures and rising risks in support of a just and sustainable energy transition. Divided into four sections and 25 contributions from global leading experts, the chapters span a wide range of energy technologies and sources including fossil fuels, carbon mitigation options, renewables, low carbon energy, energy storage, electric vehicles and energy sectors (electricity, heat and transport). They cover varied legal jurisdictions and multiple governance approaches encompassing multi- and inter-disciplinary technological, environmental, social, economic, political, legal and policy perspectives with timely case studies from Africa, Asia, Australia, Europe, North America, South America and the Pacific. Providing an insightful contribution to the literature and a much-needed synthesis of the field as a whole, this book will have great appeal to decision makers, practitioners, students and scholars in the field of energy transition studies seeking a comprehensive understanding of the opportunities and challenges in managing the decline of fossil fuels.

Download or read book Still Not Getting Energy Prices Right A Global and Country Update of Fossil Fuel Subsidies written by Ian Parry and published by International Monetary Fund. This book was released on 2021-09-24 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides a comprehensive global, regional, and country-level update of: (i) efficient fossil fuel prices to reflect their full private and social costs; and (ii) subsidies implied by mispricing fuels. The methodology improves over previous IMF analyses through more sophisticated estimation of costs and impacts of reform. Globally, fossil fuel subsidies were $5.9 trillion in 2020 or about 6.8 percent of GDP, and are expected to rise to 7.4 percent of GDP in 2025. Just 8 percent of the 2020 subsidy reflects undercharging for supply costs (explicit subsidies) and 92 percent for undercharging for environmental costs and foregone consumption taxes (implicit subsidies). Efficient fuel pricing in 2025 would reduce global carbon dioxide emissions 36 percent below baseline levels, which is in line with keeping global warming to 1.5 degrees, while raising revenues worth 3.8 percent of global GDP and preventing 0.9 million local air pollution deaths. Accompanying spreadsheets provide detailed results for 191 countries.

Download or read book Carbon Pricing and Fossil Fuel Subsidy Rationalization Tool Kit written by Rachael Jonassen and published by Asian Development Bank. This book was released on 2023-07-01 with total page 127 pages. Available in PDF, EPUB and Kindle. Book excerpt: This tool kit offers a step-by-step guide for economies in Asia and the Pacific looking to design, build, and implement emission trading systems (ETS) to help speed up their transition to a greener, more inclusive future. Using case studies to illustrate best practices and lessons learned by countries including Viet Nam and India, it explains the need to design robust legal frameworks before setting up ETSs. It outlines carbon taxes, analyzes fossil fuel subsidy rationalization, and shows why securing support from stakeholders is key for countries planning to implement ETS programs to help meet their climate targets.