of the scandalous fossil fuel subsidies that are destroying our future.
Greenhouse gas emissions and atmospheric greenhouse gas concentrations will continue on their present accelerating track to global suicide so long as the insane greenhouse gas polluting subsidies are not corrected.
Greenhouse gas polluting subsidies
Support the 350.org END FOSSIL FUEL SUBSIDIES campaign.
In the lead up to the 2012 UN Rio+20 conference NRDC, 350.org, Avaaz.org, and other leading groups lobbied world leaders to end the trillion dollar world wide fossil fuel subsidies. There were no recommendations made even on the subsidies.
The fossil fuel industry is getting over ten times the subsidies that the clean energy industry gets.
Recent estimates of global fossil fuel subsidies for production and consumption are staggering, putting the total near US$730 billion annually or higher.
Fossil Fuel Subsidies, Climate, and the United Nations
Framework Convention on Climate Change Oil change International 2012.
The Urgent Need for Transparency in Fossil Fuel Subsidies
Oil change International
In 2009, G20 leaders pledged to phase out fossil fuel subsidies. Nothing has happened. It doesn't help that there is no public accounting on just how much of our money governments provide in fossil fuel subsidies. The figures we have are best indirectly calculated and presumably minimum estimates.
The total, global amount of fossil fuel subsidies provided in 2012 is likely to be at least ¾ of a trillion dollars to perhaps $1 trillion or more in 2012.
What are fossil fuel subsidies?
A negative subsidy with respect to climate change is any government policy that is a financial incentive to continue to produce or use more fossil fuels, or that results in negative externalities.
A positive subsidy is a financial incentive to switch from fossil fuel to clean zero carbon energy.
The justification for subsidies is to assist in the early development of an industry that produces an important public good or beneficial externalities.
An argument used for environmentally damaging subsidies is that they help the poor. In the case of energy subsidies, studies have found this is not the case. In any case, global climate change hits the poor in all regions earliest and hardest.
Energy subsidies are expensive, damage the climate, and disproportionately benefit the well- off. Their reduction can encourage energy efficiency, increase the attractiveness of renewable energy, and allow more resources to flow to poor people and to investments in cleaner power.
Climate Change World Bank Group. An Evaluation of World Bank Win-Win Energy Policy Reforms 2000.
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