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Canada

Climate love

Canada Ending Inefficient Fossil Fuel Subsidies!

This is indeed uplifting news. During COP26, all participating nations concurred on terminating inefficient fossil fuel subsidies, and now, Canada stands among the few nations that are actually taking action on this front. Furthermore, the Canadian government has made a commitment to cease public financing of the fossil fuel sector. They plan to identify the existing public financing by 2024, with the aim to phase out such financing by the fall of the same year. This decisive action positions Canada as the only G20 country to abolish inefficient fossil fuel subsidies prior to the 2025 deadline, thereby establishing a precedent for other countries to follow. By undertaking this measure, the Canadian Government is bolstering support for clean technology, expediting decarbonization efforts, and aligning itself with its ambitious climate goals. For more information, visit: https://www.canada.ca/en/environment-climate-change/news/2023/07/government-of-canada-delivers-on-key-climate-commitment-to-phase-out-inefficient-fossil-fuel-subsidies.html# This is an impressive first step, and it's crucial that other countries follow suit. It's also essential to phase out all fossil fuel subsidies. According to the IMF, more than 10 trillion USD has been allocated to subsidies since COP26 was held. You can track the counter here on WeDontHaveTime: https://www.wedonthavetime.org/extra/fossilsubsidies

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  • We Don't Have Time

    33 w

    Dear Ingmar Rentzhog Your climate love has received over 50 agrees! We have reached out to Government of Canada by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time

    • Kevin

      44 w

      Very uplifting news here

      2
      • Peter Karanga

        45 w

        This is a positive step towards a more sustainable and green future. Ending inefficient fossil fuel subsidies is not only a win for the environment, but also for public health and the economy. Redirecting these funds towards renewable energy and innovation can help Canada transition towards a cleaner, low-carbon economy. It's encouraging to see a commitment towards reducing greenhouse gas emissions and supporting renewable energy sources.

        4
        • Harrison wambui

          45 w

          A very good move to go

          3
          • Edwin wangombe

            45 w

            Way to go... Other countries to follow in the same direction

            4
            • Elizabeth Gathigia

              45 w

              It a great move and other nations should follow the suit

              5
              • Videlis Eddie

                45 w

                This is a good step other countries should follow this steps

                6
              • Ajema Lydiah

                45 w

                incredible

                6
                • Rashid Kamau

                  45 w

                  Great commitments there!

                  8
                  • Hilda Wangui

                    45 w

                    Good news to here more sustainability on energy sector

                    12
                    • Raymond Ford

                      45 w

                      About FING TIME .. our house is on fire and we have no time to be throwing gasoline on the flames

                      11
                      • dickson mutai

                        45 w

                        More incentives to adopt cleaner and more sustainable energy

                        10
                        • Joyce Waturu

                          45 w

                          These are really encouraging news.

                          8
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