Fossil fuel subsidies – public financial support for fossil fuels – come in many forms and through many methods. In the EU, it has been hard to capture the level and extent of fossil fuel subsidies, mainly for two reasons: subsidies can be facilitated and applied through numerous policy processes and tools, and subsidies vary in their form across different EU Member States.
CAN Europe, similar to the WTO, argues that any form of government action or public intervention which lowers the cost of fossil fuel energy production or consumption can be defined as a subsidy. This includes e.g. direct funding (e.g. for coal mines’ operations) and tax exemptions (e.g. on diesel fuel), preferential loans and guarantees from public banks, and giving favourable access to resources, infrastructure and land.
In addition, CAN Europe agrees with the International Monetary Fund (IMF) that environmental degradation, air pollution and health costs stemming from extracting and burning fossil fuels is not carried by the industry but paid by society. Therefore, these ‘external costs’ are also considered as fossil fuel subsidies.” All forms of fossil fuel subsidies (in Europe) are inefficient, harmful to the environment and blocking the transition to clean energy systems.
Climate Action Network Europe (CAN Europe) recognised as Europe's leading network working on climate and energy issues, is currently seeking a highly motivated, dynamic and results-driven staff member to Coordinate our network and outreach team and fundraising activities in Brussels (remote location, in particular in eastern and southern Europe, also possible). The job includes strategic and operational tasks. The successful candidate will be a key team member charged with meeting our organisation’s needs, mission and goals.
Climate Action Network (CAN Europe) recognised as Europe's leading network working on climate and energy issues, is currently seeking a highly motivated, dynamic and results-driven EU Climate & Energy Policy Coordinator to join our team in Brussels.
Climate Action Network (CAN Europe) recognised as Europe's leading network working on climate and energy issues is currently seeking an experienced and dynamic Communications Coordinator to join our team in Brussels. This position will offer the successful candidate an opportunity to be at the centre of the largest movement for global change that will affect people and the planet for centuries to come.
The difference between the three different Councils can be confusing. Here a short clarification.
As COP22 in Marrakech has come to a close, one can clearly note the same ugly issues raising their heads when it comes to financial support for climate action.
Previous blogs in this section have documented throughout the years the diversions of opinion, disagreements of approach and the inherent lack of trust between developing and developed countries when it comes to climate finance. And this blog won’t tell a very different story.
Today, a consortium of NGOs led by CONCORD Europe jointly published its ‘AidWatch’ report which tracks aid from EU Member States to developing country partners, as part of their international commitment to address global poverty and inequality through financial support. The report seeks to enhance the transparency and effectiveness of financial flows towards enhanced and sustainable development. This year, the report has included a section on climate financing as part of overall development flows.