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Fossil fuel subsidies dwarf renewables support, favour rich
2013-11-09 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Mounting global fossil fuel subsidies distort the price of carbon, favour the rich in the developing world and amount to six times as much as subsidies for renewable sources of energy, according to a new report. "If their aim is to avoid dangerous climate change, governments are shooting themselves in both feet,' wrote Shelagh Whitley, author of the report and a research analyst for the Overseas Development Institute (ODI) based in London. The report was released on Thursday, days before member...
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Category:Electronics and Electrical