Ten years after committing to rationalise and phase out inefficient fossil fuel subsidies, G20 countries still subsidise coal, oil and gas to the tune of around USD 150 billion annually. The process to try to move the G20 forward on this issue has been via peer review of fossil fuel subsidies, but these reviews need to be followed by action. Subsidy reforms could free up resources that could be channeled back into government programmes, which would be necessary to mitigate the impacts of rising energy prices on vulnerable populations and to help smooth reforms, and could also be spent on accelerating a clean energy transition.
If ratified, the Mercosur-EU trade deal may reinforce the parties’ commitment to climate action. Yet, its potential relevance is weakened by a language that often stops short of concrete commitments, as well as political resistance.
Costs, emissions and safety are at stake as Argentina and China look set to seal a nuclear power deal. In the midst of economic and political uncertainty, Argentina has doubled down on a major Chinese nuclear power deal. The new nuclear plant in Buenos Aires province will help meet Argentina’s energy needs with the support of Chinese technology and finance.
adelphi has relaunched its exhibition Environment, Conflict and Cooperation (ECC) Exhibition to illustrate how unprecedented environmental changes interact with social, political, and economic risks to exacerbate conflict. We invite you to explore our online exhibition and to learn more about urgent issues of our time: climate, energy, migration, extractives, food and water.
The European Commission, backed by 11 EU member states, refused to sign a declaration on “sustainable and smart gas infrastructure” tabled by the Romanian Presidency earlier this week because the text wasn’t ambitious enough on climate change, Euractiv has learned.
Limited access to energy is a significant barrier to development and holds back efforts to improve living conditions in developing and emerging economies. Around the world, 1.1 billion people still do not have access to electricity, and 2.8 billion still rely on animal and crop waste, wood, charcoal and other solid fuels to cook their food and heat their homes.
The Gulf Cooperation Council’s grid operator is studying the feasibility of a cable to Ethiopia, which would run through currently war-torn Yemen.
As falling renewable energy costs and a shadow carbon price are making coal power investments unviable the Asian Development Bank (ADB) is making a decisive shift to clean energy, according to bank energy chief Yongping Zhai.
As opposed to China’s Belt and Road Initiative, India could lead a campaign for climate-responsible international development cooperation, shifting from coal to renewables domestically and promoting the values of the International Solar Alliance globally.
Changes are occurring that could make climate action a driver of the domestic agenda for economic and social progress and for international cooperation. With the help of market forces and technological advances, the tide is moving toward climate action. Paul Joffe argues that a key to success is a strategy that draws public support and makes climate policy a force in a larger industrial renaissance.