Tag: fossil fuels

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The IMF, Carbon Pricing and Explicit and Implicit Fossil Fuels Subsidies Here are two terms that anyone who wants to preserve a stable climate needs to know: explicit fossil fuel subsidies and implicit fossil fuel subsidies. Explicit fossil fuel subsidies from governments directly reduce the price of fossil fuels, thus making it attractive to investors…

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The Labour Party has announced that it intends to stop the development of any new oil and gas fields in UK territory if it forms the next government. The move will have far-reaching consequences, leading to a rapid contraction of the UK’s oil and gas industry over the next decade. So it’s no surprise that…

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In April Citizens’ Climate International published a press release on the Bretton Woods Action. CCI members from 31 countries, including a UK contingency, sent letters to and phoned their national World Bank Executive Directors requesting that the World Bank Group…. Supports the Bridgetown Initiative of the Prime Minister of Barbados Mia Mottley (financial reform to…

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As readers will know we at CCL UK are affiliates of a worldwide organisation, Citizens’ Climate International, which endorses building the political will for a liveable world through five levers of political will. This type of people power has had notable results, most famously in Canada. The current Bretton Woods project has also given the…

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For about two months Citizens’ Climate International (CCI) volunteers from every continent have been preparing to have a dialogue with the World Bank about the need for reforms to make multilateral banks fit for the needs of the 21st century.  The need for reform had been acknowledged and suggested by the US Treasury last year…