Remove 2009 Remove Fossil Fuels Remove Technology
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$18 billion to fossil fuels: Breaking Down the Numbers

Enviromental Defense

The rest of the spending was through a variety of programs designed to fund the development and commercialization of ‘clean technology’ for the oil and gas sector, run through various agencies and funds. million for other categories of support to fossil fuels. Canada committed to phasing out subsidies by 2025 back in 2009.

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China, Climate, and Clean Energy

Legal Planet

However, China will also have to fix problems that have led to an underuse of renewable capacity and a preference for fossil fuel generation on the grid. China has become the dominant manufacturer of clean energy technologies. This is not an accident: the government poured $22 billion into the EV industry starting in 2009.

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G20 still paying billions in fossil fuel subsidies

A Greener Life

Two-thirds of the G20’s public finance for energy went to fossil fuels in 2019–2020. The G20 group of nations provided nearly US$200 billion in support of fossil fuels in 2021, despite the worsening impacts of the climate crisis and their pledge in 2009 to phase out “inefficient” subsidies. By Catherine Early.

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What’s Stalling the Transition to a Modern Electricity Grid?

Union of Concerned Scientists

The obstacles to new technology and more effective investments need to be addressed. Smaller, decentralized growth in electric heat pumps for buildings, and electric transportation replacing fossil fuels also require more access to electricity and a modern grid.

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Comparing the Risks of Climate Change and Geoengineering

Legal Planet

Last month’s report on solar geoengineering research from the White House Office of Science and Technology Policy (OSTP) consolidated a shift in the discourse on this controversial technology. But to security experts, and students of political science, geoengineering appears as a hybrid, dual-use security technology.

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New Report: Charging and Financing Electric Trucks

Legal Planet

In addition, the upfront price of battery-powered heavy-duty vehicles is currently higher than their fossil-fueled counterparts, leading to the need for financial assistance for many purchasers, particularly smaller fleets.

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RePlanet Nederland’s review of the draft Delegated Regulation on nuclear energy and gaseous fossil fuels in the sustainable finance taxonomy

Environmental Progress

We believe we must take a science-based approach and prioritize policies and technologies that enable us to liberate nature and elevate humanity. Notably, in the same proposal, the Commission has also included screening criteria for gaseous fossil fuels. of the proposal) and for existing installation only until 2040 (see §4.28).