Tracking the flow of public money to energy projects around the world.
/ˈsʌbsədi/, noun (pl. subsidies):
According to the World Trade Organization, a subsidy is a transfer of funds or a potential transfer of funds from a government or public body through a grant, loan, equity infusion, or loan guarantee; a government fiscal incentive such as a tax credit; a government-provided good or service other than general infrastructure; or a government payment to a funding mechanism or private body to carry out one or more of the functions illustrated above.
For decades, wealthy countries have been using international aid and other foreign assistance—through grants, loans, equity and loan guarantees—to subsidize the expansion of the international fossil fuel industry.
The Shift the Subsidies database is an interactive tool to visually track and analyze the flow of energy subsidies from international, regional and bilateral public financial institutions around the world.
The database currently tracks subsidies from the World Bank Group from fiscal year 2008 to fiscal year 2011 and major regional development banks from fiscal year 2008 to fiscal year 2010. In the future, we will also add bilateral aid from major governments.
Development banks say they're going green, but IFC's fossil fuel finance is... TWO THIRDS OF ITS ENERGY PORTFOLIO?
Your tax dollars are rebuilding the energy infrastructure... OF RUSSIA?
The future of energy in the developing world is... COAL?
In the past three years, development banks have subsidized the fossil fuel industry... OVER $40B?
Make the most of your visit to the Shift the Subsidies database. Learn navigation tips and read our methodology»