Still Not Getting Energy Prices Right: A Global and Country Update of Fossil Fuel Subsidies

Still Not Getting Energy Prices Right: A Global and Country Update of Fossil Fuel Subsidies

Author: Ian Parry

Publisher: International Monetary Fund

Published: 2021-09-24

Total Pages: 42

ISBN-13: 1513595407

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This paper provides a comprehensive global, regional, and country-level update of: (i) efficient fossil fuel prices to reflect their full private and social costs; and (ii) subsidies implied by mispricing fuels. The methodology improves over previous IMF analyses through more sophisticated estimation of costs and impacts of reform. Globally, fossil fuel subsidies were $5.9 trillion in 2020 or about 6.8 percent of GDP, and are expected to rise to 7.4 percent of GDP in 2025. Just 8 percent of the 2020 subsidy reflects undercharging for supply costs (explicit subsidies) and 92 percent for undercharging for environmental costs and foregone consumption taxes (implicit subsidies). Efficient fuel pricing in 2025 would reduce global carbon dioxide emissions 36 percent below baseline levels, which is in line with keeping global warming to 1.5 degrees, while raising revenues worth 3.8 percent of global GDP and preventing 0.9 million local air pollution deaths. Accompanying spreadsheets provide detailed results for 191 countries.


Reinventing Fire

Reinventing Fire

Author: Amory Lovins

Publisher: Chelsea Green Publishing

Published: 2011-10-15

Total Pages: 4

ISBN-13: 1603583726

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Imagine fuel without fear. No climate change. No oil spills, no dead coalminers, no dirty air, no devastated lands, no lost wildlife. No energy poverty. No oil-fed wars, tyrannies, or terrorists. No leaking nuclear wastes or spreading nuclear weapons. Nothing to run out. Nothing to cut off. Nothing to worry about. Just energy abundance, benign and affordable, for all, forever. That richer, fairer, cooler, safer world is possible, practical, even profitable-because saving and replacing fossil fuels now works better and costs no more than buying and burning them. Reinventing Fire shows how business-motivated by profit, supported by civil society, sped by smart policy-can get the US completely off oil and coal by 2050, and later beyond natural gas as well. Authored by a world leader on energy and innovation, the book maps a robust path for integrating real, here-and-now, comprehensive energy solutions in four industries-transportation, buildings, electricity, and manufacturing-melding radically efficient energy use with reliable, secure, renewable energy supplies.Popular in tone and rooted in applied hope, Reinventing Fire shows how smart businesses are creating a potent, global, market-driven, and explosively growing movement to defossilize fuels. It points readers to trillions in savings over the next 40 years, and trillions more in new business opportunities.Whether you care most about national security, or jobs and competitive advantage, or climate and environment, this major contribution by world leaders in energy innovation offers startling innovations will support your values, inspire your support, and transform your sense of possibility.Pragmatic citizens today are more interested in outcomes than motives. Reinventing Fire answers this trans-ideological call. Whether you care most about national security, or jobs and competitive advantage, or climate and environment, its startling innovations will support your values, inspire your support, and transform your sense of possibility.


Ending Fossil Fuels

Ending Fossil Fuels

Author: Holly Jean Buck

Publisher: Verso Books

Published: 2021-11-16

Total Pages: 209

ISBN-13: 1839762349

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Ending the fossil fuel industry is the only credible path for climate policy Around the world, countries and companies are setting net-zero carbon emissions targets. But what will it mean if those targets are achieved? One possibility is that fossil fuel companies will continue to produce billions of tons of atmospheric CO2 while relying on a symbiotic industry to scrub the air clean. Focusing on emissions draws our attention away from the real problem: the point of production. The fossil fuel industry must come to an end but will not depart willingly; governments must intervene. By embracing a politics of rural-urban coalitions and platform governance, climate advocates can build the political power needed to nationalize the fossil fuel industry and use its resources to draw carbon out of the atmosphere.


Water Quality Impacts of the Energy-Water Nexus

Water Quality Impacts of the Energy-Water Nexus

Author: Avner Vengosh

Publisher: Cambridge University Press

Published: 2022-02-24

Total Pages: 321

ISBN-13: 1009063995

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Energy and water have been fundamental to powering the global economy and building modern society. This cross-disciplinary book provides an integrated assessment of the different scientific and policy tools around the energy-water nexus. It focuses on how water use, and wastewater and waste solids produced from fossil fuel energy production affect water quality and quantity. Summarizing cutting edge research, it describes the scientific methods for detecting contamination sources in the context of policy and regulations. The authors highlight the growing evidence that fossil fuel production, from both conventional and unconventional sources, leads to water quality degradation, while regulations for the water and energy sector remain fractured and highly variable across and within countries. This volume will be a key reference for scholars, industry professionals, environmental consultants and policy makers seeking information on the risks associated with the energy cycle and its impact on the environment, particularly water resources.


The Great Transition: Shifting from Fossil Fuels to Solar and Wind Energy

The Great Transition: Shifting from Fossil Fuels to Solar and Wind Energy

Author: Lester R. Brown

Publisher: W. W. Norton & Company

Published: 2015-04-20

Total Pages: 247

ISBN-13: 0393351149

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The great energy transition from fossil fuels to renewable sources of energy is under way. As oil insecurity deepens, the extraction risks of fossil fuels rise, and concerns about climate instability cast a shadow over the future of coal, a new world energy economy is emerging. The old economy, fueled by oil, natural gas, and coal is being replaced with one powered by wind, solar, and geothermal energy. The Great Transition details the accelerating pace of this global energy revolution. As many countries become less enamored with coal and nuclear power, they are embracing an array of clean, renewable energies. Whereas solar energy projects were once small-scale, largely designed for residential use, energy investors are now building utility-scale solar projects. Strides are being made: some of the huge wind farm complexes under construction in China will each produce as much electricity as several nuclear power plants, and an electrified transport system supplemented by the use of bicycles could reshape the way we think about mobility.


Life after Fossil Fuels

Life after Fossil Fuels

Author: Alice J. Friedemann

Publisher: Springer Nature

Published: 2021-03-29

Total Pages: 205

ISBN-13: 3030703355

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This book is a reality check of where energy will come from in the future. Today, our economy is utterly dependent on fossil fuels. They are essential to transportation, manufacturing, farming, electricity, and to make fertilizers, cement, steel, roads, cars, and half a million other products. One day, sooner or later, fossil fuels will no longer be abundant and affordable. Inevitably, one day, global oil production will decline. That time may be nearer than we realize. Some experts predict oil shortages as soon as 2022 to 2030. What then are our options for replacing the fossil fuels that turn the great wheel of civilization? Surveying the arsenal of alternatives – wind, solar, hydrogen, geothermal, nuclear, batteries, catenary systems, fusion, methane hydrates, power2gas, wave, tidal power and biomass – this book examines whether they can replace or supplement fossil fuels. The book also looks at substitute energy sources from the standpoint of the energy users. Manufacturing, which uses half of fossil fuels, often requires very high heat, which in many cases electricity can't provide. Industry uses fossil fuels as a feedstock for countless products, and must find substitutes. And, as detailed in the author's previous book, "When Trucks Stop Running: Energy and the Future of Transportation," ships, locomotives, and heavy-duty trucks are fueled by diesel. What can replace diesel? Taking off the rose-colored glasses, author Alice Friedemann analyzes our options. What alternatives should we deploy right now? Which technologies merit further research and development? Which are mere wishful thinking that, upon careful scrutiny, dematerialize before our eyes? Fossil fuels have allowed billions of us to live like kings. Fueled by oil, coal, and natural gas, we changed the equation constraining the carrying capacity of our planet. As fossil fuels peak and then decline, will we fall back to Earth? Are there viable alternatives?


Fossil Energy

Fossil Energy

Author: Ripudaman Malhotra

Publisher: Springer Science & Business Media

Published: 2012-12-12

Total Pages: 628

ISBN-13: 146145722X

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The word sustainability shares its root with sustenance. In the context of modern society, sustenance is inextricably linked to the use of energy. Fossil Energy provides an authoritative reference on all aspects of this key resource, which currently represents nearly 85% of global energy consumption. Gathering 16 peer-reviewed entries from the Encyclopedia of Sustainability Science and Technology, the chapters provide comprehensive, yet concise coverage of fundamentals and current areas of research. Written by recognized authorities in the field, this volume represents an essential resource for scientists and engineers working on the development of energy resources, fossil or alternative, and reflects the essential role of energy supplies in supporting a sustainable future.


Energy and Civilization

Energy and Civilization

Author: Vaclav Smil

Publisher: MIT Press

Published: 2018-11-13

Total Pages: 564

ISBN-13: 0262536161

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A comprehensive account of how energy has shaped society throughout history, from pre-agricultural foraging societies through today's fossil fuel–driven civilization. "I wait for new Smil books the way some people wait for the next 'Star Wars' movie. In his latest book, Energy and Civilization: A History, he goes deep and broad to explain how innovations in humans' ability to turn energy into heat, light, and motion have been a driving force behind our cultural and economic progress over the past 10,000 years. —Bill Gates, Gates Notes, Best Books of the Year Energy is the only universal currency; it is necessary for getting anything done. The conversion of energy on Earth ranges from terra-forming forces of plate tectonics to cumulative erosive effects of raindrops. Life on Earth depends on the photosynthetic conversion of solar energy into plant biomass. Humans have come to rely on many more energy flows—ranging from fossil fuels to photovoltaic generation of electricity—for their civilized existence. In this monumental history, Vaclav Smil provides a comprehensive account of how energy has shaped society, from pre-agricultural foraging societies through today's fossil fuel–driven civilization. Humans are the only species that can systematically harness energies outside their bodies, using the power of their intellect and an enormous variety of artifacts—from the simplest tools to internal combustion engines and nuclear reactors. The epochal transition to fossil fuels affected everything: agriculture, industry, transportation, weapons, communication, economics, urbanization, quality of life, politics, and the environment. Smil describes humanity's energy eras in panoramic and interdisciplinary fashion, offering readers a magisterial overview. This book is an extensively updated and expanded version of Smil's Energy in World History (1994). Smil has incorporated an enormous amount of new material, reflecting the dramatic developments in energy studies over the last two decades and his own research over that time.


Sustainable Fossil Fuels

Sustainable Fossil Fuels

Author: Mark Jaccard

Publisher: Cambridge University Press

Published: 2006-01-16

Total Pages: 408

ISBN-13: 9781139449052

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More and more people believe we must quickly wean ourselves from fossil fuels - oil, natural gas and coal - to save the planet from environmental catastrophe, wars and economic collapse. In this 2006 book, Professor Jaccard argues that this view is misguided. We have the technological capability to use fossil fuels without emitting climate-threatening greenhouse gases or other pollutants. The transition from conventional oil and gas to their unconventional sources including coal for producing electricity, hydrogen and cleaner-burning fuels will decrease energy dependence on politically unstable regions. In addition, our vast fossil fuel resources will be the cheapest source of clean energy for the next century and perhaps longer, which is critical for the economic and social development of the world's poorer countries. By buying time for increasing energy efficiency, developing renewable energy technologies and making nuclear power more attractive, fossil fuels will play a key role in humanity's quest for a sustainable energy system.