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Rich nations in stalemate over coal subsidy phase-out

2015-06-13 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Talks on phasing out a form of coal subsidies ended in stalemate as Japan, the biggest user of the aid, led calls for more time in defiance of this week's G7 pledge on fossil fuel subsidies, sources said. The Paris-based Organisation for Economic Cooperation and Development has been trying for a year to get an agreement from its 34 member nations on phasing out export credits for coal, the most polluting of the fossil fuels. Sources close to talks in Paris on Wednesday and Thursday, speaking...

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