A new report from the IMF has quantified the prodigious subsidies doled out to the fossil fuel industries, writes Pete Dolack - an astonishing $5.6 trillion per year, over 7% of world product, including direct payments, tax breaks and unpaid environmental costs. The obscene scale of public largesse proves the need for a social movement to challenge global energy capitalism.
… IMF reports: fossil fuel subsidies worth $5.6 … grangemouth-cut.jpg A new report from the IMF has quantified the prodigious subsidies … of gross world product. A lot of money. IMF report: 'huge benefits' from eliminating …
The industries that have primarily caused, are still causing, and will continue to cause climate change, are the recipients of huge subsidies. Whilst the marginalised are promised a paltry and relatively insignificant amount to mitigate and adapt to the consequences of the problem they did little or nothing to bring about. That's just plain wrong says MARK KERNAN
… per minute. These figures are from the IMF, hardly a hotbed of radical thinking as … congestion and accidents", according to the IMF report . "Externalities" in mainstream … countries-for example, the World Bank & IMF structural adjustment policies and the …
Prospects for a global climate deal under the UN are receding fast, writes Assaad Razzouk, as the Green Climate Fund is short-changed by donor nations. But there's still plenty to hope for with a private sector that's stepping up to the mark, and fast-growing decentralised climate action.
… financial institutions - including the IMF, the World Bank, the Asian Development … the US and Europe, the World Bank Group, the IMF, regional multilaterals such as the Asian … power plants out of its system and the IMF is blithely fighting fuel subsidies by …
According to classical economics Adam Smith's 'invisible' hand' of free markets produces the greatest good for us all, writes JP Sottile. But what happens when rip-roaring 'external costs' are left out of the equations? Wars, repression, pollution, resource destruction and climate change. And because that invisible hand is connected to Mother Nature, it's coming back to strike us.
… to the International Monetary Fund's (IMF) assessment of global energy subsidies , which the IMF projected to reach $5.3 trillion in 2015. … subsidies. Why the difference? Because the IMF added in all of the costly market …
There is a sad irony in the security clampdown on the climate 'mobilisations' planned for COP21 in Paris, writes Nick Dearden. Because those affected are the very people who are most commited to building a green, just, peaceful world free of the chaos and disruption that climate change is bringing.
… organisations and networks like the WTO, IMF, World Bank and G8 were thrust into the …
Hidden away in the pages of UN-speak that make up the Paris Agreement are the makings of global carbon market in which a host of exotic emissions derivatives can be freely traded, writes Steffen Böhm. And it's all going to be a huge and expensive distraction from the real and urgent task of cutting emissions.
… - with support from the World Bank, the IMF and many business groups . Murky semantics …
The global epidemic of violence against women and their systematic exclusion from the power structures that rule us are integral to man's violent exploitation of Earth and her resources, writes Nafeez Ahmed. The fight to save the Earth must begin with the empowerment of women - and that means ending our complicity in their oppression, and servitude.
… neoliberal capitalist reforms imposed by the IMF and World Bank, among other factors. Far … led all too frequently to what he called "the IMF riot" . Unchecked global capitalism is … of neoliberal capitalism. World Bank and IMF reforms dislocate societies and accelerate …
The Encyclical published today by Pope Francis represents a profound religious and philosophical challenge to the mainstream narratives of our times, writes Steffen Böhm, and a major confrontation with the great corporate, economic and political powers, as it spells out the potential of a new world order rooted in love, compassion, and care for the natural world.
… privatisation policies of the World Bank, IMF and other international institutions. In …
Rich industrialised countries have a responsibility to help others stick to their green responsibilities, argues Helena Norberg-Hodge, not collude in helping shirk them
… investments and the policies of the WTO, the IMF and the World Bank are foisting ever …
From carbon trading to embodied emissions, our difficulties would be greatly reduced if we changed the way we perceive our own beliefs, says Bob Doppelt
… that their money is used by the World Bank, IMF and other agencies, in cahoots with …
Locked out of some meetings. Not even invited to others. And then all the decisions are made after you’ve left. It’s all in a day’s work for ‘developing’ World delegates at the WTO. By Mark Lynas
… country, got a massive new World Bank/IMF debt-servicing deal a week after Doha. The …
Apple is moving to 100% renewable energy, worldwide, writes Robert Hunziker. But even better is CEO Tim Cook's fierce put-down to fossil-fuelled, climate skeptic shareholders: 'if you don't like it, sell!' Suddenly the politics of climate change in the US shifted ...
… which could be a lot more or a lot less - the IMF says US fossil fuel subsidies amount to …
We need a renewable energy revolution, an end to fracking, no new nuclear power, efficient homes, and the break up of our energy cartels, writes Jeremy Corbyn, All that, and strong protection for wildlife and oceans, no TTIP trade deal with the US, clean air to breathe, and massive investment in public transport. Is there anything not to like?
… sources of energy not emitting carbon. The IMF has reported that Britain throws seven …
With little hope of a binding deal on climate change at the latest UN summit, campaigners are hoping that Africa's COP will tackle the issue that plagues the continent most: agriculture
… development institutions such as the IMF, are known for providing loans and …
The pursuit of economic growth is causing irreparable ecological damage - threatening to undermine human civilisation itself. But 'green growth' is no panacea for the problems we now face. Abandoning Gross Domestic Product and growth as measures for success is the only way to avoid failure, argues MARTIN KIRK
… of some other high-profile realizations. IMF head Christine Lagarde , and Nobel …
Opinionated and outspoken, often wildly at odds with the government’s line, the UK’s environment minister Michael Meacher is, by his own reckoning, a lone voice in the wilderness.
… at its GDP. They tell you how under the IMF’s imposed structural adjustment plans …