We Don't Have Time's post
We Don't Have Time
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(Nearly) Everyone says it’s Crazy — Why Do We Still Subsidize Fossil Fuels? We Don't Have Time & @UNDP present the first episode of Dino Talks a new series on the subject of #fossilfuelsubsidies. 📅 Don't miss this first episode! Watch it on March 14, 15:00 CET/ 10 AM EDT here on We Don't Have Time. Register at https://www.wedonthavetime.org/events/dino-talks-i Use the comment section to ask your questions to the guests! https://www.youtube.com/watch?v=7Eq_rII3YYw #DontChooseExtinction #Climateaction #fossilfuels #WeDontHaveTime Prime Computer
Pinned by We Don't Have Time
Use the comment section to ask your questions to the guests! They will answer your questions after the broadcast.
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I would be very grateful if you could explain a little more. Thanks in advance! https://lol-beans.io, https://spanishdictionary.cc
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Fossil fuels, such as petroleum and coal, have been widely used for decades to power industry and households. Fossil fuel subsidies are retained to ensure the stability and reliability of energy supplies during the transition to renewable energy sources. https://contextogame.co
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I watched the first part many times and stayed at the https://driftboss.co to watch as needed.
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Your article has answered the question I was wondering about! I would like to write a thesis on this subject, but I would like you to give your opinion once. https://lolbeans-io.com
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I really like this topic. I hope that you will post more great videos and articles to share this interesting information with many people. https://krunkergame.co
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I'm looking forward to it. Great. You are my favorite author. I always love waiting for new articles from you, it's very informative I usually apply to life. https://weaverwordle.com/ https://phrazle.io/
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@david_john Jeanne from https://angelnumerology.org/ claims that time is only an illusion.
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Great show, will follow more soon,am new here wdht!
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It was a very educative episode, especially to me, thankyou each speakers for your insights, sharing is caring and it opens up our mind in one way or the other, looking forward for more of this! Thankyou every one! Feel appreciated for your contributions. Together we learn alot!
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Thank you for this program, looking forward to the next one
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I would like to share this video but nothing I do seems to work. There's no Chromecast option. And the options to copy the link don't seem to work. I also searched YouTube for this and could not find it. Can we make this more sharable?
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If you just want to share the post, click on "share" under the post. Otherwise, here is the video for youtube: https://youtu.be/7Eq_rII3YYw?utm_source=WDHT&utm_medium=answerMarine&utm_campaign=DinoTalks For Twitter, you can retweet our tweet: https://twitter.com/WeDontHaveTime/status/1503346187159674882?s=20&t=8TcKL6uHCp5vxz1oY6NCNg
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I have a hearing impairment and would benefit from the introductory speeches being supplemented with text. A good lecturer / event maker complements with pictures and key opinions.
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Subtitles are on the way of being uploaded Sven!
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@victor_erik_ramos Thanks!!
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We need to talk about lobbyism and corruption of politicians That seems to be the root of the problem
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Hope the words do not fail us again as at UNCED 1992. I think there is so much hypocrisy on climate focus. # What is the status of the Right to Repair Bill in the US Senate? the root cause of the throwaway lifestyle. # My carbon footprint is 1.5 tons per year. # Each panelist who uses advanced communication technology must report their Carbon Foot Print. # It is annoying to find artificial cosmetic faces speaking on Climate WDT. # Fossil Fuel subsidies like war and defense, drug trafficking, unaccounted money in each well well today are a reality all over the world. # Be the part of a change you wish to see( Gandhi) prevails yet Inequality challenges to well-being( Ambedkar) for over 90 percent of the population. Hopelessly Hopeful , Prof JV, Coordinator, People Science Forum, KRVP Mysuru, India. Participant in COP26 and Recipient of SD Librrayt Gift from IIED UK 1992.
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Great content. Question: How do we best involve civil society organizations globally to push together to get rid of the subsidies?
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It depends on what you consider constitutes a "subsidy".
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Thank you! Many CSOs have been engaged on this topic for years (e.g. https://www.iisd.org/articles/g20takeaction-now-civil-society-organizations-call-g20-governments-end-subsidies-fossil), the main difficulty is getting governments to take action as part of a managed and just transition away from fossil fuels.
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Yes, Ploy, but those actions (and your excellent work) are about identifying, measuring and analyzing ACTUAL subsidies — what the video wants to call "explicit" FFS. The campaigns to reduce externalities are generally separate.
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Nick, how could you say that Achim "rubber stamped" anything!! Achim and you were in Nairobi together. NGOs will now look with some skepticism at this campaign.
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Ah ha Richard ! Perhaps I should have said ‚ supported ‚ but Achim backed the campaign- which is great and shows guts knowing the pressure one has in the UN standing up to all the pressures of member states !
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Great topic and approach. Woukd be good to have supporting slides.
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Thank you! You can learn more about the Production Gap Report at https://productiongap.org
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Perfect with supporting slides!!
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Digital finance is being looked at through UNEP CODES -- much broader than simply cryptocurrencies. How would UNDP work with entrepreneurs in the area of digital finance, since the UN wants to leave no one behind?
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As Dean of UN NGOs over 40 years, I am wondering if George is working with Elliot Harris, the UN Chief Economist and former Director of the UNEP Office at the UN, and if so, how are they cooperating?
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I´ve heard that countries like Egypt and Morocco has cut their fossil fuel subsidies and instead started spending that money on health care. This is very encouraging. Are there any more countries that have done the same? Thanks for focusing on this very important question!
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A question: Getting rid of these subsidies and redirecting the money to rebuild our societies sounds like the mother of all win-wins. Everyone would benefit (even oil company CEOs, in the long term). So why is this so hard to change?
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My question to the organizers of this event is, "Why did they change from citing a global estimate of $423 billion a year to $6,000 billion ($6 trillion) a year?" The latter is an IMF effort of how much more they reckon consumers of fossil fuels and electricity should be paying, above current after-tax prices, to fully internalize various combustion-related (and driving) externalities. It is not an estimate of "subsidies" according to any internationally agreed definition of the term, and is certainly not what governments are "spending" on fossil fuels, much less subsidies to fossil fuel producers. Such confusion between that number and the numbers actually informing discussions in various inter-governmental forums (APEC, G7, G20, UNEP, UNFCCC, WTO) risks delaying getting binding phase-out commitments because it allows non-reformers to demand more time to sort out "what is a fossil fuel subsidy"?
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Use the comment section to ask your questions to the guests! They will answer your questions after the broadcast.
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I am very much looking forward to today's first episode.
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Unfortunately oil is still the main driving force behind major economies. New exciting green technologies are still hardly mentioned in mainstream media. Immediate threats like the pandemic and now war in Europe seem to have overshadowed the climate crisis which is frustrating but in some ways understandable. The has been talk of moving more to renewables to attain energy independence but fossil fuel industries have seen it as an opportunity to increase extraction in their home countries. It’s troubling but the hope is renewables take the lead. But we don’t really have much time to wait and see how that plays out.
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When fossil fuels became a security issue, change hopefully kick started.
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It's also crazy that, despite rising climate awareness, this past year the oil industry has been soaring on the stock market. The S&P Oil index price return over the past year was 19.84%... That is 1.7x the S&P 500 index (at 11.46%) or 3x the S&P Global 1200 index (at 6.50%)... Today there is $ 6.1T stock invested in oil. The company with the biggest current market capital is Saudi Aramco ($ 2.3T), almost dwarfing the company with the second largest market capital: Exxon Mobil ($ 0.3T). Is world sinking trillions into a sunk-cost-valley race to stay competitive, while even for the economy clean energy is the only way out?
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Economic benefits of renewables needs to be promoted much more. Subsidies need to shift over to renewable development. People need to benefit in their pockets for switching to green alternatives, money talks. Skeptics still claim that renewables are expensive and people moan about green levy’s added to their energy bills. More conversations need to be had about hydrogen storage, batteries and rare earth minerals availability.
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Happy to meet Frankie again!
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Fossil fuel subsidy is also responsible for a huge amount of corruption in many countries and globally, and this is mostly beneficial to political leaders. This is one the reason it very hard to end it!
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Looking forward to this! How can we use the monty spent on fossil fuel subsidies in a way that makes the fossil fuel dependent countries feel safe in that they will be better off for it?
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So excited for this.
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We need to present people who may lack the ability to imagine , the new world that is powered by conservation, renewables, and storage for intermittent energy sources. When we speak of getting off fossil fuels, we always need to provide an image of how good life will be without the drilling, piping and burning FILTH & DISRUPTION of eco-systems & natural resources like air, water forests, mountains, earth, oceans, polar ice, glaciers, etc. All these and so much more would regenerate if we stop fossil fuel dependent living.
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How come it was so difficult for governments to keep $100 billion promise of climate finance to countries in need to mitigate and adapt to the effects of climate change, while at the same time funding fossil fuel subsidies with $ 6 trillion every year? It is insane.
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Because this campaign is not explaining very well what that $6 trillion represents. The vast majority of it (like 95%) is not money that has gotten into the hands of government, so that they may spend it on something else, but the IMF's estimate of how much more governments should be taxing consumers of fossil fuels, to internalize externalized costs from combustion. Since by definition the governments are NOT taxing the fuels, they can't get their hands on that money unless they raise fossil fuel prices. And we all know what has happened when some governments have tried to raise prices or increase taxes on gasoline or other fuels.
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It's a must watch.There's a great need to have an undying spirit to criticize governments, institutions and banks that are engraving us into extinction through continued subsidization of fossil fuels.
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Decades of good work and yet it continues 🥲 As well as personal strategies to decrease our dependence and addiction, do.we need massive camoaigns to call out the toxic greed and narcissism of a relatively small but extremely powerful.cohort of damaged folk, mostly men sadly....and their enablers, who drive this madness.
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looking forward to this discussion. without stiff action, fossil-fuels subsidies will continue to rise as governments continue to pour millions in fossil fuel industry
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Yes! Why are we so keen on financing our own extinction? Looking forward to the first episode of Dino Talks
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I registered, shared in social media and now looking forward to the event, our voice and actions matters toward this issue.
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Why is so hard to do right? The solution to the crazy fossil fuel subsidies is really simple - STOP give away good money for bad purposes and do it today. Maybe something to talk about on Thuesday, due to men with insane thoughts and ideas.
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There are many reasons why reforming fossil fuel subsidies is difficult, particularly since the bulk of them are provided through low prices in countries like Iran, the Gulf oil-producing states, and Nigeria. But the total of those is on the order of $0.5 trillion, not $6 trillion. The figure that this campaign now appears to be endorsing comes from the IMF. Most of what the IMF measures in that $6 trillion is the social cost of externalities — social harm caused by emissions from combusting fossil fuels. Rather than refer to them as that, they reconned that their work would attract a lot more attention if they called them "subsidies". First they called them "post-tax subsidies" and then last year, when they updated their numbers, they changed the term to "implicit subsidies". But neither of these are universally agreed terms. Moreover, when government representatives to APEC, the G7, the G20, UNEP, the UNFCCC, and the World Trade Organization speak of "fossil fuel subsidies", they have in mind the roughly $0.4-0.6 trillion a year measured measured by the OECD and the IEA. It is those subsidies that are the target of current efforts at FF subsidy reduction.
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Very important topic. We will cover the fossil fuel subsidies story by inviting people that know the subject well and also give concrete advice on how we can end this madness. Please help us by sharing this on social media. People need to know that our governments are sponsoring the destruction of our planet.
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