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World Bank president calls fossil fuel subsidies be scrapped

2015-04-14 13:08:00| Climate Ark Climate Change & Global Warming Newsfeed

Blue and Green: Jim Yong Kim, the president of the World Bank, has called for fossil fuel subsidies to be scrapped immediately and for a price to be put on carbon. Speaking to the Guardian, Kim said, You can have growth that will protect the plant and decouple carbon emissions from growth. We can get it now, but it would be much easier if we put a price on carbon. He added, [Developing countries] can feel the boot of climate change on their neck, more so than people in the developed world. The results of...

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