Home > Environment > Phasing out fossil fuel subsidies ‘could provide half of global carbon target’ | guardian.co.uk

Phasing out fossil fuel subsidies ‘could provide half of global carbon target’ | guardian.co.uk

Eliminating subsidies for coal, gas and oil could save as much as Germany’s annual greenhouse gas emissions each year by 2015, according to one of the world’s leading energy experts.

Speaking to the Guardian, Fatih Birol, chief economist at the International Energy Agency IEA, said such a move could provide half of the carbon savings needed to stop dangerous levels of climate change.

For more on this story, visit: Phasing out fossil fuel subsidies ‘could provide half of global carbon target’ | Environment | guardian.co.uk.

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