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Fossil fuel subsidies killing UK's low-carbon future

2013-11-07 08:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Britain is "shooting itself in the foot" by subsidising its coal, oil and gas industries by $4.2bn (2.6bn) a year even as government reviews the "green levies" on energy bills which support energy efficiency and renewable power, according to a report published on Thursday. The figures from the Overseas Development Institute suggest that Britain is now the world's fifth largest subsidiser of fossil fuels after the US, Russia, Australia and Germany despite commitments to cut carbon emissions and...

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