IMF Head Advocates For End Of Fossil Fuel Subsidies At COP28 Climate Summit

Credit to Author: Steve Hanley| Date: Thu, 07 Dec 2023 23:36:25 +0000

Fossil fuel subsidies can be put to a higher purpose, the head of the IMF told delegates to COP28 in Dubai this week.

The post IMF Head Advocates For End Of Fossil Fuel Subsidies At COP28 Climate Summit appeared first on CleanTechnica.

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Canada has G7’s 2nd highest projected real GDP growth in 2023 and 2024

Credit to Author: Vimal Sivakumar| Date: Tue, 25 Apr 2023 13:00:13 +0000

According to the International Monetary Fund (IMF), Canada trails only the United States (in 2023) and Spain (in 2024) with respect to projected Real GDP (Gross Domestic Product) growth over the next two years. Real GDP is a commonly used indicator of a country’s overall economic health. In 2023, the U.S. is projected to see […]

The post Canada has G7’s 2nd highest projected real GDP growth in 2023 and 2024 first appeared on CIC News.

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Global Carbon Taxes: Are We Paying Enough?

Credit to Author: Ciara Gillan| Date: Tue, 03 Dec 2019 21:11:10 +0000

Last month, the IMF released its Fiscal Monitor, a biannual report on how to mitigate climate change. The report argued that it is possible to switch from a reliance on fossil fuels to cleaner energy and still sustain vigorous economic growth and generate employment. However, for this to take place, countries needed to distribute the costs and benefits in a manner that supported those that really needed it. 

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US Subsidizes Fossil Fuels To The Tune Of $4.6, $27.4, Or $649 Billion Annually, Depending On Source

Credit to Author: Michael Barnard| Date: Wed, 21 Aug 2019 00:45:05 +0000

In 2022, new wind energy will get zero financial assistance of any kind and new solar will get very little, while fossil fuels will continue to get $4.6 billion annually in the best possible accounting, $27.4 billion in a reasonable accounting and $649 billion in a full accounting including negative externalities

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IMF warns of ‘somewhat’ greater global financial risk

NEW YORK: Risks to the global financial system have risen somewhat in recent months as some emerging markets have struggled and trade war tensions have persisted, the International Monetary Fund warned Tuesday. The IMF, in its twice annual assessment of global financial stability, said conditions remain broadly conducive to economic growth, but are at risk […]

The post IMF warns of ‘somewhat’ greater global financial risk appeared first on The Manila Times Online.

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