A new report combining figures for fossil fuel subsidies from two key international organisations has counted them to have been at least $373bn in 2015.

The report comes from the Organisation for Economic Co-operation and Development (OECD), but includes for the first time figures combining its own estimates of fossil fuel subsidies with those from the International Energy Agency (IEA) from 2010 to 2015.

The report said further coordination between organizations is still needed, “especially as inconsistencies in definitions and data are sometimes used as an excuse to postpone action”.

Carbon Brief’s coverage also includes updates of on the level of UK subsidies to fossil fuels in 2016, based on the OECD’s updated database of fossil fuel “support” measures.

Editorial Team
We are experts with the mission to inform, educate and inspire the industry. We are passionately curious, enthusiastic, and motivated to make a positive impact in the world. Send us a tip via editors @ pvbuzz [dot] com.

Solar and wind generation could meet 80 percent of U.S. power demand

Previous article

Enphase seeks exemption from Trump’s solar tariffs

Next article

You may also like

Comments

Comments are closed.

More in News Watch