Globally, as much as $3.8 trillion must be invested every year to hold back global warming, write Peter Schlosser and Michael Dorsey. For comparison, the IMF says $5.9 trillion was spent on fossil-fuel subsidies, in total, in 2020.
Tag: fossil fuel subsidies
Biden’s Soft Climate Denialism
Inadequate political will in the face of climate disruption is a particularly big problem in the U.S., the world’s largest producer of both oil and natural gas, writes Basav Sen.
Craig Murray: What Kazakhstan Isn’t
As in all systems without democratic accountability or effective legal impunity for the elite, frustration and resentment among the general population has built naturally.
COP26: Biden Under Fire for ‘Failing to Act on Fossil Fuels’
“We’re in a five-alarm fire, but Biden refuses to use a firehose,” said one critic of the U.S. performance at the Glasgow climate conference, which ended on Saturday.
Study: Earth Warmer Than Any Time in Last 12,000 Years
The findings were released amid mixed moves by the Biden administration on climate policy.
The Madness of Fossil Fuel Subsidies
A system worried about global warming and the health impacts of air pollution should stop aiding companies that produce those public threats, writes Niklas Hagelberg.