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Fuel subsidies

Natural Gas
Nigerians Are Switching Cars to Compressed Natural Gas After Petrol Prices Surge
Long queues of cars are a common sight at petrol stations across Nigeria, but for some drivers turning to compressed natural gas, pumps are becoming a thing of …
Oil & Gas Trade
Global Fossil Fuel Subsidies Skyrocket to $7 Trillion
BP's CEO Bernard Looney and even the most pro-transition governments believe investing in immediate energy needs, like oil and gas, is essential, leading to…
Net Zero
Government of Canada Releases Framework for Ending Fossil Fuel Subsidies
Steven Guilbeault, Canada’s Minister of Environment and Climate Change, released the Inefficient Fossil Fuel Subsidies Government of Canada Self‑Review A…
Africa Energy
Cameroon Plans to Halve Fuel Subsidies
The Cameroonian government plans to halve fuel subsidies in 2023. Indeed, the authorities are expected to allocate for the subsidies in 2023 only half of the XA…
Oil Price
Nigeria’s Fuel Subsidies Surpassed $1 Billion in August as It Supplied More Petrol
The cost of Nigeria's fuel subsidies rose to 525.714 billion naira in August, bringing the total spent this year to 2.568 trillion naira, according to figures s…
Energy Taxation
Biden Tax Plan Replaces U.S. Fossil Fuel Subsidies with Clean Energy Incentives
Linked to the $2.3 trillion infrastructure package, it is part of wider plan that includes boosting the corporate income tax rate from 21% to 28%.
Net Zero Emission
Biden Plan to End U.S. Fossil Fuel Subsidies Faces Big Challenges
Doing so could be hard, even though Biden spent 36 years in the Senate where he is known as a dealmaker.
Fossil Fuel Subsidies Continue to Far Outstrip Renewable Subsidies, Suffocating the Energy Transition
Switching fossil fuel subsidies to support renewables could unleash a clean energy revolution and propel the decarbonisation of the global economy, according to…
Clean Coal
G20 Stalls on Fossil Fuel Subsidies Despite Calls for Climate Action
As G20 countries meet for the group’s annual summit in Osaka, the world’s leading economies are failing to phase out wasteful fossil fuel subsidies and host J…