Wed, Oct 22, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Energy, Financial, Oil more

Stop subsidizing fossil fuels, IEA tells governments

Posted on 10 October 2011

If the status quo continues, global subsidies for fossil fuel consumption will reach $660 billion in 2020 - 0.7% of global gross domestic product, says the International Energy Agency (IEA).
In 2010, governments and taxpayers spent $409 billion propping up production and consumption of fossil fuels, up from $312 billion in 2009 - the year when G-20 Leaders agreed to phase them out, saying they “encourage wasteful consumption, reduce our energy security, impede investment in clean energy sources and undermine efforts to deal with the threat of climate change.”………………………………………Full Article: Source


 Article link

This post was written by:

VRS - who has written 37583 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031