The fossil fuel industry benefits from subsidies of $11m every minute, according to analysis by the International Monetary Fund. The IMF found the production and … Fossil fuel industry gets subsidies of $11m a minuteRead more
Subsidy
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EV manufacturers fined over non-indigenous components
The central government has fined Indian manufacturers of electric vehicles (EV) for misappropriation of subsidies over not sourcing the components indigenously. However, we need to … EV manufacturers fined over non-indigenous componentsRead more
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World’s fossil fuel subsidies surged to $1 trillion after Ukraine invasion
Even as European countries rolled out a suite of climate-friendly policies over the past year, they also provided an unprecedented volume of subsidies for continued … World’s fossil fuel subsidies surged to $1 trillion after Ukraine invasionRead more
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Fossil Fuel Companies Receive $11 Million a Minute in Subsidies
Fossil fuel companies received $5.9 trillion in subsidies last year, which works out at $11 million per minute, the International Monetary Fund (IMF) says in … Fossil Fuel Companies Receive $11 Million a Minute in SubsidiesRead more
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Still Not Getting Energy Prices Right
Globally, fossil fuel subsidies were $5.9 trillion in 2020 or about 6.8 percent of GDP, and are expected to rise to 7.4 percent of GDP … Still Not Getting Energy Prices RightRead more