According to the report published by the International Institute for Sustainable Development (IISD) in 2021, Germany spent approximately 5.4 billion euros (5,97 billion dollars) on fossil fuel subsidies in 2019, including direct and indirect subsidies. According to the data provided by the OECD Inventory of Support Measures for Fossil Fuels: Country Notes, the German government’s...
France has limited domestic fossil-energy resources and, as a result, imports most of its oil and natural gas and all of its coal. Nuclear power drives the majority of French energy production and consumption; however, petroleum products still account for about 28% of energy use. All energy products are subject to a standard Value Added...
Under the Regulation on the Governance of the Energy Union, EU Member States must phase out fossil fuel subsidies to meet the EU’s climate goals. The phase-out date is 2050; however, talks are underway within the EU to set an earlier end date. Additionally, in November 2021, the Glasgow Climate Pact, adopted by UN member...
According to an IMF working paper on fossil fuel subsidies, East Asia and the Pacific region account for 48% of global energy subsidies. By country, China has been the biggest subsidizer in absolute terms, contributing 2.2 trillion USD in subsidies in 2020, or nearly 15% of GDP and approx. 1,600 USD per capita. However, different...
Federal greenhouse gas emissions (GGEs) data by economic sector in Canada has been relatively unchanged between 2005 and 2019 as emissions from oil and gas extraction, gas-powered trucks, and heavy-duty diesel vehicles continued to climb and be offset by decreases in other sectors. For example, a 66 Mt or 8.9% reduction in 2020 from 2019...
Despite having a relatively clean energy and electricity matrix, Brazil has a strong structure of fossil fuel subsidies, which stimulates the country’s production and consumption of oil, natural gas, and mineral coal.A survey by the Institute of Socioeconomic Studies (INESC), released on November 16, 2022, at COP27 in Egypt, shows that Brazil spent BRL 118.2...
While some debate exists around what defines a subsidy, the United Nations Environmental Program defines fossil fuel subsidies as financial contributions that benefit an external organisation. Like many other countries, Australia provides a range of subsidies that help prop up fossil fuel projects and profits. According to the International Monetary Fund (IMF), Australia spent an...
