| 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. The 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 in recent months, when so-called “green levies” were blamed for rising winter energy bills in the UK and subsequently cut by the government...............................................Full Article: Source
|