News / #subsidies
The G20 in Rio de Janeiro recommitted to tackling fossil fuel subsidies, but vulnerable communities need support.
Studio EB
Amid escalating climate losses and no net zero goal in sight, a newly proposed Low Carbon Economy Investment Act and ambitious private sector-led initiatives only way for Philippine industries to decarbonise.
As declining oil output increases reliance on on foreign supply, the region’s oil import bill could exceed US$200 billion by 2050, posing major economic and energy security risks without a faster renewables shift, says the global energy authority.
As more countries mandate climate reporting, Global Commission on the Economics of Water co-chair Tharman Shanmugaratnam says improving water disclosures should not take as long as it did for carbon, and that “double materiality” is what counts.
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