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News articles on subsidies
Mongabay.com news articles on subsidies in blog format. Updated regularly.
Wealthy nations' fossil fuel subsidies dwarf climate financing
(12/05/2012) A new analysis finds that 21 wealthy countries spent five-times more on subsidizing fossil fuels in 2011 than they have on providing funds for poor nations to cut greenhouse gas emissions and adapt to the impacts of climate change. The analysis, by Oil Change International, comes in the midst of the current UN Climate Summit held in Doha, Qatar; progress at the talks has been stymied due to the gulf between poor and rich nations, including on the issue of climate financing.
Cowards at Rio?: organizations decry 'pathetic' agreement
(06/20/2012) As world leaders head to Rio de Janeiro for the UN Summit on Sustainable Development, environmental and poverty groups are denouncing the last-minute text agreed on by dignitaries as "pathetic," (Greenpeace), a "damp squib" (Friends of the Earth), "a dead end" (Oxfam), and, if nothing changes, "a colossal waste of time" (WWF). "We were promised the 'future we want' but are now being presented with a 'common vision' of a polluter’s charter that will cook the planet, empty the oceans and wreck the rain forests,“ the head of Greenpeace, Kumi Naidoo, said. "This is not a foundation on which to grow economies or pull people out of poverty, it’s the last will and testament of a destructive twentieth century development model."
WWF: biggest villain at Rio+20 is Canada
(06/18/2012) Having sent a delegation to the United Nation's Rio+20 Summit on Sustainable Development, the World Wide Fund for Nature (WWF), the world's biggest conservation group, has recently declared their Heroes and Villains of Rio+20—so far. The NGO has strong words for the negotiating position of the U.S. and the major oil exporting countries (OPEC), but saves its harshest criticisms for Canada.
World failing to meet promises on the oceans
(06/14/2012) Despite a slew of past pledges and agreements, the world's governments have made little to no progress on improving management and conservation in the oceans, according to a new paper in Science. The paper is released just as the world leaders are descending on Rio de Janeiro for Rio+20, or the UN Summit on Sustainable Development, where one of the most watched issues is expected to be ocean policy, in part because the summit is expected to make little headway on other global environmental issues such as climate change and deforestation. But the new Science paper warns that past pledges on marine conservation have moved too slowly or stagnated entirely.
Fossil fuel subsidies going in the wrong direction?
(10/05/2011) In 2009, G20 nations committed to phasing out fossil fuel subsidies over the medium term, yet are further away today than they were two years ago from keeping the pledge. According to the International Energy Agency (IEA) fossil fuel subsidies rose by nearly $100 billion in the last year alone, from $312 billion in 2009 to $409 billion in 2010. The agency warned that subsidies could reach $660 billion by 2020 if governments don't act on reform.
2% GDP could turn global economy green
(02/21/2011) Investing around $1.3 trillion, which represents about 2% of the world's gross domestic product (GDP), into ten sectors could move the world economy from fossil-fuel dependent toward a low carbon economy, according to report by the UN Environment Program (UNEP). In addition, the investments would alleviate global poverty and keep stagnating economies humming, while cutting humanity's global ecological footprint nearly in half by 2050 even in the face of rising populations.
Is Obama's clean energy revolution possible?
(01/26/2011) Last night US President Barack Obama called for a massive green energy make-over of the world's largest economy. Describing the challenge as 'this generation's Sputnik moment' the US president set a goal of producing 80 percent of America's energy by clean sources by 2035. While this may sound improbable, two recent analyses back the president up, arguing that a global clean energy revolution is entirely possible within a few decades using contemporary technology and without breaking the bank. "Based on our findings, there are no technological or economic barriers to converting the entire world to clean, renewable energy sources," Mark Z. Jacobson, a professor of civil and environmental engineering at Stanford said in a press release. "It is a question of whether we have the societal and political will."
UN report urges fishing subsidy reform
(12/28/2010) The continuation of government fishing subsidies is damaging to the world's oceans and should be halted, states the United Nations Environment Programme in a new publication that calls for subsidy reform. The report, Fisheries Subsidies, Sustainable Development and the WTO, finds that in many cases the subsidies encourage fishing in areas whose ecosystems are already overtaxed.
The Gulf oil spill in context: US oil consumption
(05/31/2010) The US government has now confirmed that the oil spill in the Gulf of Mexico is the United States' largest oil spill and perhaps the nation's worst environmental disaster. While poor government oversight and negligence by oil giant BP certainly contributed to the disaster, the fact that the US is drilling over a mile below the surface in one of its most important marine ecosystems is directly related to US consumption of oil: the highest in the world.
Half a trillion spent on fossil fuel subsidies mostly "a complete waste of money"
(04/22/2010) Despite a warming planet linked to the burning of fossil fuels, governments around the world still spend 500 billion US dollars a year subsidizing fossil fuel industries. A new study from the Global Subsidies Initiative (GSI) of the International Institute for Sustainable Development looks at the difficult political situation behind ending fossil fuel subsidies.
US provides 3 billion in subsidies for Exxon-mobil project in Papua New Guinea
(12/10/2009) While officials from around their world are working night-and-day to come up with an international agreement to combat climate change in Copenhagen, the US Export-Import Bank confirmed it will subsidize a natural gas project in Papua New Guinea to the tune of 3 billion dollars—a record for the bank.
Fossil fuel subsidies "bringing us closer to irreversible climate change"
(11/06/2009) The Green Economy Coalition is urging G20 finance ministers to rapidly put an end to fossil fuel subsidies. In a letter to the ministers the coalition argues that these subsidies are contributing directly to climate change and making it difficult for the world to transition to a greener economy.
Agricultural firms cut incentives for Amazon deforestation
(12/02/2008) As grain prices plummet and concerns over cash mount, agricultural giants are cutting loans to Brazilian farmers, reports the Wall Street Journal. Tighter farm credit may be contributing to a recent slowing in deforestation in the Brazilian Amazon, where agriculture is an increasingly important driver of forest clearing.
U.S. Congress passes legislation to boost solar, wind, and geothermal energy
(09/24/2008) Tuesday the U.S. Senate passed a bill that will extend tax credits on solar power installations through 2016. The House approved the measure Wednesday.
Small-scale fisheries are "best hope" for sustainability in developing world
(09/08/2008) Fish stocks are declining globally. While the consumer in the industrial world has yet to feel the full impact of this decline, those in the developing world know it well. Local small-scale fishermen are catching less fish to feed growing populations. Jennifer Jacquet of the Sea Around Us Project believes the hope for sustainable seafood lies in these very fisheries.
Facing criticism, biofuels industry forms new lobby group to influence lawmakers
(07/25/2008) Under attack by politicians, aid groups, and environmentalists for driving up food prices and fueling destruction of ecologically sensitive habitats, some of the world's largest agroindustrial firms have formed a lobby group to influence consumers and lawmakers to support continued subsidies for biofuel production, reports Reuters.
Beyond high food prices, little to show for $11B/yr in biofuel support, says OECD report
(07/17/2008) Government support of biofuel production in rich countries is squandering vast amounts of amounts of money while exacerbating the global food crisis and failing to meaningfully curb greenhouse gas emissions and improve energy security, alleges a new report from the OECD, the club of industrialized nations.
Corn ethanol is worsening the Gulf dead zone
(03/10/2008) Proposed legislation that will expand corn-ethanol production in the United States will worsen the growing "dead zone" in the Gulf of Mexico and hurt marine fisheries, report researchers writing in the Proceedings of the National Academy of Sciences (PNAS).
Private sector pumping hundreds of billions into cleantech
(02/21/2008) The private sector is "pumping hundreds of billions of dollars" into cleaner and renewable energies, says a new publication released yesterday by the United Nations Environment Programme (UNEP).
World fertilizer prices surge 200% in 2007, hurting the poor
(02/20/2008) World fertilizer prices surged by more than 200 percent in 2007, as farmers sought to maximize corn production for ethanol, according to the International Center for Soil Fertility and Agricultural Development (IFDC). Poor African farmers were hardest hit by the increase.
UN: biofuels are starving the poor by driving up food prices
(02/14/2008) Echoing sentiments increasingly expressed by politicians, scientists, and advocates for the poor, the U.N. Food and Agriculture Organization warned that the world's poorest people are suffering as a result of the push to use food crops for biofuel production.
Biofuels are worsening global warming
(02/07/2008) Converting native ecosystems for production of biofuel feed stocks is worsening the greenhouse gas emissions they are intended to mitigate, reports a pair of studies published in the journal Science. The studies follow a series of reports that have linked ethanol and biodiesel production to increased carbon dioxide emissions, destruction of biodiverse forest and savanna habitats, and water and air pollution.
U.S. biofuels policy drives deforestation in Indonesia, the Amazon
(01/17/2008) U.S. incentives for biofuel production are promoting deforestation in southeast Asia and the Amazon by driving up crop prices and displacing energy feedstock production, say researchers.