Quantcast
Environmental News for a Healthier Planet and Life

Fossil Fuel Subsidy Reform Gaining Momentum Internationally

Climate

Oil Change International

Ahead of upcoming meetings in June of the G20 in Mexico and the United Nations Rio + 20 Summit, the pace of activity around worldwide efforts to phase out subsidy reform is quickening.

Last weekend, the G8 leaders reaffirmed their commitment to phase out fossil fuel subsidies in their statement coming out of the Camp David summit. This commitment from the richest countries in the world comes on the heels of 111 countries being represented in submissions to the United Nations Framework Convention on Climate Change supporting the phasing out of fossil fuel subsidies.

In response to increasing worldwide attention to fossil fuel subsidies, Oil Change International, in collaboration with 75 other NGOs around the world, has released a joint statement outlining four key steps governments should take in phasing out these wasteful subsidies by 2015. The NGOs’ key steps are:

  • Define plans to phase out fossil fuel subsidies by 2015
  • Increase transparency and consistency in reporting of subsidies
  • Incorporate assistance and safeguards to developing countries, as well as poor and vulnerable groups
  • Establish or identify an international body to facilitate and support fossil fuel subsidy reform.

The statement and list of signatories can be found by clicking here.

Looking ahead, the G20 summit hosted by Mexico in mid June followed immediately by the “Rio+20″ conference on sustainable development in Brazil present key opportunities for world leaders to take the next steps to concretize action to eliminate these subsidies.

“The first rule of holes is that when you’re in one, stop digging,” said Steve Kretzmann, executive director of Oil Change International. “We are hopeful that G20 leaders and all governments convened at the Rio+20 negotiations next month will heed this call and take these critical and concrete steps to remove these subsidies."

Oil Change International’s fossil fuel subsidy page also provides links to official statements by world leaders in the G20 and other groupings about eliminating fossil fuel subsidies; reports from the Organization for Economic Co-operation and Development, International Energy Agency et al on fossil fuel subsidy removal; links to other NGOs working on this issue; quotes for prominent figures about subsidies, and more. These resources can all be found by clicking here.

For more information, click here.

EcoWatch Daily Newsletter

The Ernest N. Morial Convention Center in New Orleans, Louisiana has been converted to a 1,000-bed field hospital for coronavirus patients to alleviate stress on local hospitals. Chris Graythen / Getty Images

An area in Louisiana whose predominantly black and brown residents are hard-hit by health problems from industry overdevelopment is experiencing one of the highest death rates from coronavirus of any county in the United States.

Read More Show Less
A woman lies in bed with the flu. marka/Universal Images Group via Getty Images

A central player in the fight against the novel coronavirus is our immune system. It protects us against the invader and can even be helpful for its therapy. But sometimes it can turn against us.

Read More Show Less
Sponsored
Several flower species, including the orchid, can recover quickly from severe injury, scientists have found. cunfek / iStock / Getty Images Plus

Calling someone a delicate flower may not sting like it used to, according to new research. Scientists have found that many delicate flowers are actually remarkably hearty and able to bounce back from severe injury.

Read More Show Less
A Boeing 727 flies over approach lights with a trail of black-smoke from the engines on April 9, 2018. aviation-images.com / Universal Images Group via Getty Images

With global air travel at a near standstill, the airline industry is looking to rewrite the rules it agreed to tackle global emissions. The Guardian reports that the airline is billing it as a matter of survival, while environmental activists are accusing the industry of trying to dodge their obligations.

Read More Show Less
A National Guard member works on election day at a polling location on April 7, 2020 in Madison, Wisconsin. Andy Manis / Getty Images.

ByJulia Baumel

The outbreak of COVID-19 across the U.S. has touched every facet of our society, and our democracy has been no exception.

Read More Show Less