Why Goverments Still Fund Fossil Fuels
At a time of climate pledges and promises, globally our governments still spend three times more public money on subsidising fossil fuels than renewable energy. Why is this?
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Chapters:
00:00 - Introduction
00:13 - What are Fossil Fuel Subsidies?
00:58 - Why do Fossil Fuel Subsidies Exist?
01:41 - Will Removing Subsidies Solve The Problem?
03:13 - Why Are Renewable Subsidies Still So Low?
04:12 - Positive Progress?
04:55 - What Can You Do?
05:27 - Outro
References -
[1] - Timperley, Jocelyn. "Why fossil fuel subsidies are so hard to kill." Nature 598, no. 7881 (2021): 403-405. https://www.nature.com/articles/d4158...
[2] - Roser, Max. "Why did renewables become so cheap so fast." And What Can We Do to Use This Global Opportunity for Green Growth (2020). https://ourworldindata.org/cheap-rene...
[3] - Damian Carrington, Fossil fuel industry gets subsidies of $11m a minute, IMF finds https://www.theguardian.com/environme...
[4] - Roham, How To Cut $5.3T Fossil Fuel Subsidies • How to Cut $5.3T Fossil Fuel Subsidies
[5] - World spends $423 billion a year to subsidize fossil fuels, UN research says https://www.cnbc.com/2021/10/29/world...
[6] - Fossil fuel industry gets subsidies of $11m a minute, IMF finds https://www.theguardian.com/environme...
[7] - Worldometer, GDP by Country, https://www.worldometers.info/gdp/gdp...
[8] - Jewell, Jessica, David McCollum, Johannes Emmerling, Christoph Bertram, David EHJ Gernaat, Volker Krey, Leonidas Paroussos et al. "Limited emission reductions from fuel subsidy removal except in energy-exporting regions." Nature 554, no. 7691 (2018): 229-233. https://www.nature.com/articles/natur...
[9] - Erickson, Peter, Harro van Asselt, Doug Koplow, Michael Lazarus, Peter Newell, Naomi Oreskes, and Geoffrey Supran. "Why fossil fuel producer subsidies matter." Nature 578, no. 7793 (2020): E1-E4. https://www.nature.com/articles/s4158...
[10] - Nicolini, Marcella, and Massimo Tavoni. "Are renewable energy subsidies effective? Evidence from Europe." Renewable and Sustainable Energy Reviews 74 (2017): 412-423.
[11] - Chris Edwards, Does renewable energy have a subsidy-free future?, E&T, https://eandt.theiet.org/content/arti...
[12] - Matt McGrath, COP26: Fossil fuel industry has largest delegation at climate summit, https://www.bbc.co.uk/news/science-en...
[13] - Christ McGreal, How a powerful US lobby group helps big oil to block climate action, https://www.theguardian.com/environme...
[14] - 53 Ways to Reform Fossil Fuel Consumer Subsidies and Pricing, Lourdes Sanchez, Peter Wooders , Mostafa Mostafa and Ronja Bechauf, 2020, http://www.iisd.org/gsi/subsidy-watch...
[15] - Biden Tax Plan Targets Fossil Fuel Subsidies Worth $35 Billion, Kevin Crowley, Bloomberg Green, 2021, https://www.bloomberg.com/news/articl...
#climatechange #fossilfuels #renewableenergy