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Fossil fuel subsidies preventing transition low-carbon economy

2014-05-01 16:29:00| Climate Ark Climate Change & Global Warming Newsfeed

Blue and Green: The massive subsidies given to the production and consumption of fossil fuels must be curbed if the world is to complete a transition to a low-carbon economy, UN experts have warned. Speaking at an event co-organised by the UN Environment Programme (UNEP) in Nairobi on Wednesday, experts claimed that the support given to oil, gas and coal was contributing to fiscal instability and undermining efforts to prevent climate change. The subsidies given to renewable energy have proved controversial...

Tags: economy transition fuel preventing

Category:Electronics and Electrical

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