Phasing out fossil fuel subsidies ‘could provide half of global carbon target’


Such a move could save the equivalent of Germany’s annual emissions by 2015, says chief economist at the IEA

Eliminating subsidies for coal, gas and oil could save as much as Germany’s annual greenhouse gas emissions each year by 2015, according to one of the world’s leading energy experts.

Speaking to the Guardian, Fatih Birol, chief economist at the International Energy Agency (IEA), said such a move could provide half of the carbon savings needed to stop dangerous levels of climate change.

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One Response to Phasing out fossil fuel subsidies ‘could provide half of global carbon target’

  1. Pingback: World Governments are destroying Life on the Planet for $1.4 billion a day - After Gutenberg

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