In The Media

Tierra Curry

The good news: Every country on Earth except the United States and the Holy See just committed to 23 targets intended to put the world on a path toward living in harmony with nature by 2050.The bad news: The tepid agreement is two years late and $670 billion short of what’s needed.Capping a series…

Published: Dec 24, 2022

Benji Jones

...Much of the air at COP15 was sucked up by discussions on closing that financial gap. They centered around three tense issues:1) How much money will the world commit, in total, to biodiversity conservation each year?2) How much of that money will wealthy nations give to developing countries?3)…

Published: Dec 19, 2022

Tim Schauenberg

Global leaders have agreed to protect and restore a third of the Earth's natural areas, and eliminate or redirect $500 billion from environmentally harmful subsidies to fund the deal...Reducing the subsidies given to industries that harm the environment was also a crucial part of the COP15…

Published: Dec 19, 2022

Aime Williams, Chris Campbell

The UN development chief has warned against “illogical” and “perverse” subsidies to industries estimated at $1.8tn that harm the planet, as the body pushes for a global deal to reverse the widespread destruction of nature...Speaking to the Financial Times from Montreal, Achim Steiner, the…

Published: Dec 18, 2022

Aime Williams

Negotiators have proposed targets to protect roughly one-third of the planet as part of UN talks aimed at striking a global deal to reverse the destruction of nature...As well as setting out conservation goals, the draft text proposes tripling the amount of international finance by 2030, pledging $…

Published: Dec 18, 2022

Sebastian Rodriguez

While the Climate Home News didn't credit Earth Track in it's article, our analysis of environmentally harmful subsidies played a central role in CHN's discussion of both the challenges to, and potential from, EHS reform during the COP15 deliberations. Excerpt below:"With one week left to strike a…

Published: Dec 12, 2022

Jack Graham

Excerpt, referencing Earth Track's study on EHS, done in conjunction with The B Team and Business for Nature:"A few decades ago, huge subsidies meant vast swathes of the country’s marginal land was cleared for grazing, fertilizer was overused, and the sheep population boomed to the point where…

Published: Nov 30, 2022

Jenny Henry

Gas is more expensive than ever before — but it’s not just at the pump where we are taking the hit. What many don’t know is Canadians are also paying more for gas through our tax dollars. And when we consider the environmental impacts, that cost is even greater.In fact, as we waste time complaining…

Published: Mar 25, 2022

Christopher Walker

During the 2010 UN Convention on Biological Diversity (CBD) Conference, 190 countries committed to phasing out or reforming subsidies harmful to biodiversity by 2020.However, a study by The B Team supported by Business for Nature, the first in over a decade to provide an estimate of the total value…

Published: Mar 3, 2022

Irene Asiaín

El estudio, publicado por The B Team y Business for Nature, analiza los conocidos como subsidios ambientalmente dañinos (EHS, por sus siglas en inglés), enmarcados en los programas gubernamentales de distintos países. Unas ayudas dirigidas, en definitiva, a provocar daños en el medioambiente. Desde…

Published: Feb 23, 2022

Tunicia Phillips

The world is spending at least $1.8-trillion every year, equivalent to 2% of GDP, on subsidies that are destroying nature, new research released on Thursday has found. The study, titled Protecting Nature by Reforming Environmentally Harmful Subsidies: The Role of Business, was co-funded by The…

Published: Feb 18, 2022

Camilla Hodgson

Governments worldwide are spending at least $1.8tn a year on subsidies in support of heavily polluting industries led by coal, oil, gas and agriculture, according to new research, despite their commitment to climate change targets. About 2 per cent of global gross domestic product was spent…

Published: Feb 17, 2022

Une nouvelle étude publiée ce 17 février révèle l'ampleur, au niveau mondial, de l'impact des subventions publiques dont l'application est contraire à la sauvegarde de l'environnement. Ce travail estime qu"au moins 1.800 milliards de dollars" de subventions publiques - 2% du PIB mondial - sont à l'…

Published: Feb 17, 2022

Aurora Almendral

Carbon offsets—the money polluting business spend on projects that benefit the environment—have been growing in recent years, but it’s a long way from catching up to the money governments spend supporting businesses that are harmful to the environment.A report (pdf) published on Feb. 16 by Earth…

Published: Feb 17, 2022

Michael Taylor

Subsidies that are harming ecosystems, wildlife and the climate amount to nearly $2 trillion a year, researchers said on Thursday, calling for the subsidies to be reformed under talks on a global nature pact due to be agreed in the coming months.The researchers found that annually the fossil fuel…

Published: Feb 17, 2022

Natasha White

Governments globally are providing at least $1.8 trillion per year that’s contributing to the destruction of ecosystems, climate change and species extinction, according to research from a group called the B Team and Business for Nature.[fn]Though attributing The B Team and Business for Nature as…

Published: Feb 17, 2022

Patrick Greenfield

Government incentives will play an important role in reconciling the competing demands on our planet’s resources. But new research reveals at least $1.8tn (£1.3tn) of environmentally harmful subsidies is heading in the wrong direction every year, financing the annihilation of wildlife and global…

Published: Feb 17, 2022

Patrick Greenfield

The world is spending at least $1.8tn (£1.3tn) every year on subsidies driving the annihilation of wildlife and a rise in global heating, according to a new study, prompting warnings that humanity is financing its own extinction.From tax breaks for beef production in the Amazon to financial support…

Published: Feb 16, 2022

Alleen Brown

"A package of legislation that represents a last chance to avoid severe climate crisis impacts was dramatically defanged late last week by conservative West Virginia Democratic Sen. Joe Manchin...Despite Manchin’s cost-conscious approach — he has demanded a reduced $1.5 trillion price tag…

Published: Oct 22, 2021

Eurasia Review

Researchers at the Stockholm Environment Institute (Somerville and Seattle, USA) and Earth Track, Inc. (Cambridge, MA, USA) examined 16 subsidies and environmental regulatory exemptions, providing one of the first estimates of how government subsidies will affect investment decisions for new gas…

Published: Aug 1, 2021