The International Energy Agency (IEA) calculated that fossil fuel consumption subsidies stood at $620 billion in 2023. That is a sharp decline from the record sum of more than $1.2 trillion in ...

A new European Space Agency-backed study shows that the extreme heat waves of 2023, which fueled huge wildfires and severe droughts, also undermined the land's capacity to soak up atmospheric ...

Critics accuse the Petro administration of scaring off investors and weakening Colombia’s economy with its stance on phasing out fossil fuels. They point to Colombia’s credit rating, which has ...

How much do governments spend on fossil fuels? The International Energy Agency (IEA) calculated that fossil fuel consumption subsidies stood at US$620 billion in 2023. That is a sharp decline from the ...

This approach, however, results in significant fiscal burdens and undermines efforts to decrease fossil fuel usage. The recent climate summit, COP29, held in Baku, has reignited discussions around the ...

A fight is building at the United Nations climate talks over whether countries should recommit to last year’s historic pledge to transition away from fossil fuels. European and US negotiators ...

The International Energy Agency (IEA) calculated that fossil fuel consumption subsidies stood at $620 billion in 2023. That is a sharp decline from the record sum of more than $1.2 trillion in 2022 - ...

HOW MUCH DO GOVERNMENTS SPEND ON FOSSIL FUELS? Show Full Article The International Energy Agency (IEA) calculated that fossil fuel consumption subsidies stood at $620 billion in 2023. That is a sharp ...

Much of the increase has been driven by increased emissions from both fossil fuel use and changes in land use, such as deforestation. Extensive drought conditions have compounded these emissions ...

BOGOTA, Colombia (AP) — Colombia's fiery left-wing President Gustavo Petro is one of the biggest opponents of fossil fuels on the world ... can create a different economy,” she said.