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Fossil fuel subsidies

UK faces legal action over public finance for Mozambique gas project

UK faces legal action over public finance for Mozambique gas project

Friends of the Earth is launching a judicial review over the UK government’s decision to back the multi-billion development, arguing it is inconsistent with the Paris Agreement

US plans to end fossil fuel finance overseas, threatens billions in support for oil and gas

US plans to end fossil fuel finance overseas, threatens billions in support for oil and gas

Joe Biden has pledged to work to end public funding of ‘carbon-intensive’ fossil fuel projects – a wording campaigners fear leaves the door open to methane gas

Exclusive: Japan uses 'environmental' fund to finance Vietnamese coal plant

Exclusive: Japan uses ‘environmental’ fund to finance Vietnamese coal plant

The Japan Bank for International Cooperation approved a loan to the controversial Vung Ang 2 coal project from a facility intended for “environmental preservation”

China's environment ministry floats 'ban' on coal power investment abroad

China’s environment ministry floats ‘ban’ on coal power investment abroad

A Chinese government-commissioned report proposes stricter environmental standards for “belt and road” investments, but it needs buy-in from financial institutions

Saudis and Europeans reach compromise on climate as G20 projects unity

Saudis and Europeans reach compromise on climate as G20 projects unity

EU leaders endorsed Riyadh’s contentious “circular carbon economy” vision at the G20 summit, in exchange for a renewed commitment to phasing out fossil fuel subsidies

As young people, we urge financial institutions to stop financing fossil fuels

As young people, we urge financial institutions to stop financing fossil fuels

Development banks supporting dirty projects are exacerbating climate chaos. This year needs to be a turning point to a just and sustainable future

Campaigners confront IMF chief over green recovery contradictions

Campaigners confront IMF chief over green recovery contradictions

Analysis shows IMF advice to countries accessing Covid-19 emergency funds fails to systematically address climate risks and implicitly endorses fossil fuel subsidies

Saudi-led G20 energy statement backs fossil fuel bailouts

Saudi-led G20 energy statement backs fossil fuel bailouts

Neglecting to mention climate change or commitments to end fossil fuel subsidies, G20 energy ministers focused on stabilising the oil market

For all its green talk, the IEA still gives comfort to oil and gas producers

For all its green talk, the IEA still gives comfort to oil and gas producers

Under Fatih Birol, the International Energy Agency leads talk of a green recovery, yet dodges hard questions about phasing out dirty energy

Guterres confronts China over coal boom, urging a green recovery

Guterres confronts China over coal boom, urging a green recovery

China’s provinces have overseen a coal plant building spree in the first half of the year, in a bid to revive the Covid pandemic-hit economy

World Bank policy advice boosts oil and gas, undermining climate goals

World Bank policy advice boosts oil and gas, undermining climate goals

In technical assistance to governments like Mozambique’s, the World Bank favours the interests of the fossil fuel industry over those of ordinary citizens

No time for loopholes: Japan must immediately end all overseas coal finance

No time for loopholes: Japan must immediately end all overseas coal finance

Environment minister Shinjiro Koizumi promised to scrap funds for dirty power plants abroad, but the government is making too many exceptions

Saudi Arabia censors fossil fuel subsidy discussion as G20 host

Saudi Arabia censors fossil fuel subsidy discussion as G20 host

Riyadh is scrubbing the word “subsidy” from expert briefings, despite a commitment from G20 countries to phase out “inefficient” support to coal, oil and gas

Gas curse: Mozambique's multi-billion dollar gamble on LNG

Gas curse: Mozambique’s multi-billion dollar gamble on LNG

A vast gas discovery promises riches for the people of Mozambique, but it can only pay off in a dangerously overheated world

After the oil crash, we need a managed wind-down of fossil fuel production

After the oil crash, we need a managed wind-down of fossil fuel production

To meet climate goals and avoid further market chaos, governments need to plan the decline of coal, oil and gas production, with support for workers

South Korean government backs $2 billion bailout to coal company, despite green finance pledge

South Korean government backs $2 billion bailout to coal company, despite green finance pledge

Campaigners ask government to explain relief for coal plant manufacturer Doosan Heavy Industries, contrary to its promise to end coal financing

IMF chief: $1 trillion post-coronavirus stimulus must tackle climate crisis

IMF chief: $1 trillion post-coronavirus stimulus must tackle climate crisis

Kristalina Georgieva is urging governments to invest emergency loans in green sectors, scrap subsidies to fossil fuels and tax carbon

Coronavirus: which governments are bailing out big polluters?

Coronavirus: which governments are bailing out big polluters?

A round-up of the support countries are extending to aviation, coal, oil and gas businesses as demand is hit by the Covid-19 pandemic

Coronavirus: investors and policymakers must shift to increase resilience

Coronavirus: investors and policymakers must shift to increase resilience

Incentives for long-term sustainability, an end to fossil fuel subsidies, more telework are all needed to make the global economy resilient to shocks like Covid-19

Green bailouts? - Climate Weekly

Green bailouts? – Climate Weekly

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