A gas facility in Qatar: The Middle Eastern nation has the world’s highest energy subsidies per capita (photo: Olivier Polet/Corbis)
July 17, 2015
- Energy subsidies sizeable worldwide and projected to stay high
- China top subsidizer in dollar terms, Ukraine in percent of GDP, and Qatar in per capita terms
- Countries can reap fiscal and environment gains by reforming energy subsidies
Energy subsidies are projected at US$5.3 trillion in 2015, or 6.5 percent of global GDP, according to a recent IMF study. Most of this arises from countries setting energy taxes below levels that fully reflect the environmental damage associated with energy consumption...Read more
JAPAN’S INNOVATIVE SOLUTION TO ITS ENERGY AND SPACE CRISIS: THE WORLD’S LARGEST FLOATING SOLAR POWER PLANT...
Weirdly like Minecraft. (Kyocera/YouTube)
Space is a big problem in Japan. The small, mountainous island nation has limited flat ground for building, and what there is comes at a premium...Read more
A new study shows that the nation could shutter coal-fired power plants by 2030, maintain a steady power supply, and save billions of dollars...Read more
Cars make their way down Electric Road in southwest Roanoke County past Tanglewood Mall on Friday morning, Jan. 22, 2016, near Roanoke, Va.
What makes this blizzard to end all blizzards tick? The factors making it so formidable are also helping it to deliver upwards of two feet of snow on the nation's capital, where a big storm is usually defined in inches (not feet), yet nearly entirely miss southern New England, which has been a blizzard magnet in recent years...Read more
When he's not fighting off bears or trying to win an Oscar, Leonardo DiCaprio is busy saving the environment.Read more
Nonprofit that takes anonymous donations behind ads touting Democratic candidateRead more