Animals & Wildlife Magazine

G7 Nations Pledge to End Fossil Fuel Subsidies by 2025 | Environment | The Guardian

By Garry Rogers @Garry_Rogers

G7 nations pledge to end fossil fuel subsidies by 2025 | Environment | The GuardianLeaders of the UK, US, Canada, France, Germany, Italy, Japan and the EU urge all countries to join them in eliminating support for coal, oil and gas in a decade.

The statement did not define precisely what the G7 consider to be a subsidy. The word “inefficient” in the G7 text indicates subsidies that distort energy markets. The OECD estimates that this type of support for fossil fuels within its member states is $160-200bn (£109-136bn) each year.

But when the cost of damage from pollution and climate change is factored in, the International Monetary Fund has estimated that support increases to a staggering $5.3tn a year, or $10m per minute. This is more than the total global spend on human health.

Source: G7 nations pledge to end fossil fuel subsidies by 2025 | Environment | The Guardian


You Might Also Like :

Back to Featured Articles on Logo Paperblog

These articles might interest you :

  • The Verdi Project: Rigoletto

    Verdi Project: Rigoletto

    In which our composer creates a sensation and changes the world of opera, forever. by Paul J. Pelkonen Tito Gobbi (with Renata Scotto) looking suitably... Read more

    The 23 April 2018 by   Superconductor
    CULTURE, THEATRE & OPERA
  • the Ship is Sinking

    Mishpacha Magazine (Hebrew edition) has been running an initiative recently promoting new young couples in the Haredi community take on their own mortgages... Read more

    The 23 April 2018 by   Gldmeier
    RELIGION, SOCIETY, SPIRITUALITY
  • Flower Power: Beyond the Beauty

    If we could see the miracle of a single flower clearly, our whole life would change.” – Lord Buddha. Life is a journey that is full of special moments; like... Read more

    The 23 April 2018 by   Meet Rv
  • Dress To Impress! 5 Dresses For Your First Date

    Dress Impress! Dresses Your First Date

    Are you looking to make a great first impression on a new man when you show up for your first date with him? Are you conflicted as to how to dress, what... Read more

    The 23 April 2018 by   Meet Rv
  • A RAINY DAY in VOLCANOES NATIONAL PARK, HAWAII

    RAINY VOLCANOES NATIONAL PARK, HAWAII

    In the Kilauea Iki Crater in Volcanoes National Park, HawaiiA week ago, on our trip to the Big Island of Hawaii, Art and I were hiking across what felt like a... Read more

    The 23 April 2018 by   Carolinearnoldtravel
    TRAVEL
  • Congress Has Grilled Facebook CEO with Tough Questions Over Data Misuse

    Congress Grilled Facebook with Tough Questions Over Data Misuse

    Mark Zuckerberg has faced Serious Allegations on Facebook Data breaching Scandal in two days Congress testimony –as it happened. Read more

    The 23 April 2018 by   Ruby Mariah
    GADGETS, TECH
  • Video of the Week: Anatomy of the Toes

    Video Week: Anatomy Toes

    In this lesson, we will look at the anatomy of the toes. I will also discuss how your toes move, what their functions are, and which kinds of common problems... Read more

    The 23 April 2018 by   Ninazolotow
    FITNESS, HEALTH, HEALTHY LIVING