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‘Cut Fossil Fuel Subsidies but Compensate the Poor’

Posted on 14 December 2009 by editor

Credit: Claudia Ciobanu/IPS

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

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