Tag Archive for 'Organisation for Economic Cooperation and Development'

Report criticises governments for global fossil fuel subsidies of over $500 billion per year

November 12th, 2013 by Overseas Development Institute

Just two years ahead of a crucial UN climate change summit, many of the world’s richest countries continue to pour finance into fossil fuel subsidies, with average spending running at US$112 per adult according to a report from the Overseas Development Institute. The report ‘Time to change the game’ notes that fossil fuel subsidies cost […]

OECD report finds carbon taxes and emission trading least costly option to reduce CO2 emissions

November 9th, 2013 by Organisation for Economic Cooperation and Development

According to a new OECD study, carbon taxes and emission trading systems are the most cost-effective means of reducing CO2 emissions, and should be at the centre of government efforts to tackle climate change. Effective Carbon Prices shows that taxes and trading systems are preferable to other policies, such as feed-in tariffs, subsidies and other […]