Cutting GHG by cutting fuel subsidies

Posted by Christine, November 10, 2010

Environment analyst Roger Harrabin writes for the BBC: 

A global energy think tank has urged nations to stop subsidising fossil fuels as soon as possible.

It says that last year governments, mainly in the developing world, spent $312bn subsidising coal oil, gas and coal.

This was even though they agree these fuels cause climate change.

The International Energy Agency says removing the subsidies would be the quickest way to control the soaring demand for energy.

It would also cut CO2 emissions by 5.8%

But the IEA report admits that vested interests and political inertia will be major barriers to making progress on the issue.

Read more at: http://www.bbc.co.uk/news/science-environment-11718304