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G20 cut n paste mocks urgency of fossil fuel subsidy cuts

2016-09-05 18:16:00| Climate Ark Climate Change & Global Warming Newsfeed

Climate Home: Today, hopes that this would be the year the G20 finally get serious on climate change were well and truly dashed, as the worlds most powerful countries failed to set an end date for fossil fuel subsidies. Instead, they issued yet another cut and paste communiqué (French language version), reaffirming for the eighth time in as many years their medium term commitment to rationalise and phase out inefficient fossil fuel subsidies. These 20 countries the richest in the world, pocketing 80% of...

Tags: cut fuel cuts paste

Time for divestment and oil subsidy campaigns to join forces?

2016-06-23 12:18:00| Climate Ark Climate Change & Global Warming Newsfeed

Climate Home: Despite the Paris pledge to limit global warming to well below 2C, large amounts of both public and private money continue to flow into the fossil fuel industry. The Paris Agreement refers only tangentially those financial flows even a reference to high-emission investments was cut. And only 13 countries mentioned fossil fuel subsidy reform in their national pledges. Yet outside of the UN climate talks, two different campaigns are shedding light on fossil fuel finance, and pushing to...

Tags: time join oil forces

When fossil fuel subsidy cuts undermine women

2016-06-15 13:06:00| Climate Ark Climate Change & Global Warming Newsfeed

Climate Home: Curtailing government support for cooking or vehicle fuels can drive economic growth, but it may leave some sections of society suffering Consumer subsidies on fossil fuels around the world totalled about USD 500 billion in 2014. Although such policies typically aim to benefit the economy and low-income households, a large body of evidence finds that, in aggregate, these policies are very inefficient in serving those goals. For example, they often benefit richer people more than the poor. ...

Tags: women fuel cuts fossil

Million dollar subsidy for sugar industry

2016-04-20 13:26:13| Sugar Industry News

Five thousand one hundred sugar cane growers from the Western Division will benefit from the Lautoka Cane Producers Associations 2016 Fairtrade premium plan.

Tags: industry million dollar sugar