Fossilized Financing

Renewable Energy Subsidies Lag Far Behind

The G20 nations, comprising the world’s biggest economies, provide four times more public financing to support fossil fuels than renewable energy, says a report from the environmental coalition Oil Change International. This took place even though German Chancellor Angela Merkel announced climate change as the heart of the agenda at the Hamburg summit in July 2017. The public financing—in soft loans and guarantees from governments along with huge fossil fuel subsidies—makes coal, oil and natural gas cheaper to use in the short run because both the front-end and back-end costs are undisclosed.

This article appears in the March 2018 issue of Natural Awakenings.

Edit ModuleShow Tags

More from Natural Awakenings

Wind Harvest

The first floating wind farm in the UK, Hywind in Scotland, will have a 30-megawatt capacity to provide clean energy to 20,000 homes.

Add your comment:
Edit ModuleShow Tags

See More »This Month

Expert Advice on the Best Juicing Combos

Juicing is a healthy option for people that want to increase their fruit and vegetable intake, but some combinations may be more beneficial than others. We consulted with local experts to share favorite combos they’ve developed for their clients.

Learn Mind/Brain Techniques with Tim Marshall

Tim Marshall will conduct Neuro-Linguistic Programming (NLP) plus TimeLine Resolution certification training from July 22 to July 31, and hypnosis certification training from noon to 8 p.m., August 11.

Enlightening the Mind and Healing the Body

Suzanne Norman, owner of Libertyville’s Studio Lotus yoga and Enlightened Living wellness center, has the intention to enlighten the mind and heal the body.

Solar Tour Shows Benefits of Clean Renewable Energy

The Illinois Solar Tour, a day of free public open house self-guided tours organized by the Illinois Solar Energy Association, will highlight home, business and nonprofit renewable energy installations throughout the state.

Fourth Annual Midwest Women’s Herbal Conference in Wisconsin

The fourth annual Midwest Women’s Herbal Conference will be held June 5, 6 and 7, at Camp Helen Brachman, in Almond, Wisconsin.

Passion for Chiropractic Care Goes Beyond the Expected

Chiropractor Dr. Jordan Leasure uses one word to describe herself: passionate.