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Much-needed $800bn renewable energy investment can come from fossil fuel subsidies

2014-07-03 16:18:00| Climate Ark Climate Change & Global Warming Newsfeed

Blue and Green: Much of the hundreds of billions of dollars worth of renewable energy investment that is needed to prevent the worst effects of climate change could come from the substantial subsidies given to fossil fuels, a new report has found. In a new study published in the journal Climate Change Economics, researchers from the International Institute for Applied Systems Analysis (IIASA) attempt to put a price tag on efforts to limit the global temperature rise to 2C. "Many countries say that they`re...

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