"Switching just some of the huge subsidies supporting fossil fuels to
renewables would unleash a runaway clean energy revolution, according to
a new report, significantly cutting the carbon emissions that are
driving the climate crisis.
Coal, oil and gas get more than $370bn (£305bn) a year in support, compared with $100bn for renewables, the International Institute for Sustainable Development (IISD) report found. Just 10-30% of the fossil fuel subsidies would pay for a global transition to clean energy, the IISD said."
Link to The Guardian article
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Coal, oil and gas get more than $370bn (£305bn) a year in support, compared with $100bn for renewables, the International Institute for Sustainable Development (IISD) report found. Just 10-30% of the fossil fuel subsidies would pay for a global transition to clean energy, the IISD said."
Link to The Guardian article
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