22 Feb '16, 4pm

IMF Paper Reportedly Estimates 2015 Global Fossil Fuel 'Subsidies' At $5.3 Trillion - Hybrid Cars News

IMF Paper Reportedly Estimates 2015 Global Fossil Fuel 'Subsidies' At $5.3 Trillion - Hybrid Cars News

Last year the governments of the world reportedly “subsidized” fossil fuels to the tune of $5.3 trillion last year, or $10 million per minute. This figure reported by The Guardian after culling the data from an IMF working paper published last May also equates to $14.5 billion per day, or $600 million per hour, or $168,000 per second – 365 days per year, 24 hours per day. If this estimate equal to about 6.5 percent of global GDP is correct, electrification advocates might consider they have serious ammo to refute criticism of relatively miniscule subsidies applied by global governments for the budding plug-in car industry. In question with the IMF’s assertions however is the definition of “subsidy.” The IMF paper includes in the $5.3 trillion total what economists would also call “externalities” – costs associated with the reliance on fossil fuels including to human health...

Full article: http://www.hybridcars.com/imf-paper-estimates-2015-global...

Tweets

Landmark report estimates air pollution linked ...

businessgreen.com 23 Feb '16, 12am

"We now know that air pollution has a substantial impact on many chronic long term conditions, increasing strokes and hear...

Germany’s trillion dollar clean energy switch a...

pv-tech.org 22 Feb '16, 12pm

Germany has spent big on its Energiewende transition to clean energy, which Erin Grossi of UL said is an investment, as we...

Liberty Global Ties in Twitter - Multichannel News

Liberty Global Ties in Twitter - Multichannel News

multichannel.com 22 Feb '16, 2pm

Extending a bridge to the world of social media, Liberty Global has struck a partnership that will enable it to integrate ...

The Myth About Renewable Energy Subsidies

cleantechnica.com 25 Feb '16, 5pm

Studies by the International Energy Agency point out that global subsidies for fossil fuels outstrip those for renewable e...

Should California give subsidies to people buyi...

grist.org 22 Feb '16, 11pm

Say you live in California. Like the good Californian you are, you want to move your person around town in a way that does...

Hydrogen Fuel Cells Less Likely Than Electric C...

greencarreports.com 23 Feb '16, 12pm

Stephen Edelstein 849 views Feb 23, 2016 Dieter Zetsche Enlarge Photo There's an emerging rivalry between two different te...

Clean #energy investments tromp fossil fuel in 2015. #actonclimate #solutions @wabizclimate

Clean #energy investments tromp fossil fuel in ...

nawindpower.com 01 Mar '16, 4pm

Growth in the clean energy sector beat expectations in 2015, according to Clean Energy Canada , delivering the best year y...

Can we 'leap' away from fossil fuel dependency this year?:

Can we 'leap' away from fossil fuel dependency ...

treehugger.com 29 Feb '16, 4pm

People are out in the streets today, pressuring governments to pay attention to Naomi Klein's "Leap Manifesto" and its pra...

#GreatGreenFleet

navy.mil 22 Feb '16, 2pm

WASHINGTON (NNS) -- Naval District Washington (NDW) is taking the steps to follow the mandate from Secretary of the Navy (...

New York lost billions with fossil fuel investm...

grist.org 01 Mar '16, 9pm

Investing in fossil fuels is becoming a liability — not only for the planet, but for the portfolio, too. The industry garn...

The Global Search for Education: Just Imagine -...

huffingtonpost.com 22 Feb '16, 3pm

In December 2015, many nations around the world gathered in Paris and came to a historic agreement to commit to ways in wh...

Methane Emissions From Oil & Gas 27% Higher Than Earlier Estimates

Methane Emissions From Oil & Gas 27% Higher Tha...

cleantechnica.com 24 Feb '16, 3pm

Methane emissions from the oil and gas industry are significantly higher than previous official estimates, according to dr...

#defencewhitepaper

#defencewhitepaper

defence.gov.au 25 Feb '16, 12am

The 2016 Defence White Paper released on 25 February 2016 delivers on the Government’s commitment to the safety of the Aus...