Credit: Claudia Ciobanu/IPS

By Claudia Ciobanu

COPENHAGEN (IPS/TerraViva) – Cutting government subsidies for fossil energy could lead to a 10 percent reduction in greenhouse gas emissions by 2050 as compared to 1990 levels, says a recent study by the Organisation for Economic Cooperation and Development.

That represents a fifth of the maximum global commitment of emission reductions envisaged by negotiators at the COP15, and could play an important part in keeping global warming under 2 degrees Celsius above preindustrial levels. Continue Reading