G20 country governments are providing $452 billion a year in subsidies for the production of fossil fuels. Their continued support for fossil fuel production marries bad economics with potentially disastrous consequences for the climate. In effect, governments are propping up the production of oil, gas and coal, most of which can never be used if the world is to avoid dangerous climate change. It is tantamount to G20 governments allowing fossil fuel producers to undermine national climate commitments, while paying them for the privilege.
Energy resources vary widely in terms of their capital intensity, reliance on centralized networks, environmental impacts, and energy security profiles. Although the policies of greatest import to a particular energy option may differ, their aggregate impact is significant. Subsidies to conventional fuels can slow research into emerging technologies, thereby delaying their commercialization. Subsidies and exemptions to polluting fuels reduce the incentive to develop and deploy cleaner alternatives.
Use of non-transparent private emails on key government business: the case of DOE's subsidized nuclear loans
Hillary Clinton's use of her personal email account for official government business has been all over the news lately. The concern is that the approach escapes the normal channels of accountability regarding official government business, and makes it much more difficult to protect government records for historical purposes.
If an email is sent from a private address, does it make a noise?
The IEA is producing two detailed assessments on nuclear energy in the coming months. The first, a chapter in their vaunted World Energy Outlook, will examine in detail the prospects and challenges to nuclear energy going forward. The second, produced jointly with NEA, will update their Technology Roadmap series, examining options and impediments to scaling nuclear around the world.
The Financial Economist's Roundtable (FER) believes that use of FCRA accounting rules to calculate the budgetary costs of federal credit programs has resulted in the systematic understatement of the cost of these programs. This distortion occurs because of the failure of FCRA rules to account for the full cost of all of the risks associated with providing such credit.
Politicians love government credit subsidy programs. Direct loans, or loan guarantees (where the government will make good on a debt lent by others), provide a quick infusion of capital to favored constituent groups or industries with little or no immediate budget hit.
Oil Change International brings a new level of visibility to international credit supports to energy
In a perfect world, publication of what is at its core a listing of financial commitments to energy activities by public banking institutions should not be an item of particular note. For the most part, the shareholders of these banks are Western nations with a tradition of accountable public institutions and democratically-elected governments. It would seem only natural that the credit supports (including direct loans, loan guarantees, and various export insurance products) extended by these banks would be easily accessible; and that such information would include which firms got on the