Just out: White paper outlines new approach to address world’s annual $400bn-plus fossil fuel subsidies @MLiebreich

"Sunset Credits" may help eliminate fossil fuel subsidies

bnef.com 19 Jun '12, 9am

Just out: White paper outlines new approach to address world’s annual $400bn-plus fossil fuel subsidies @MLiebreich

White paper published ahead of Rio+20 meeting puts forward a novel approach for addressing the world’s $400bn-plus of annual fossil fuel subsidies Rio de Janeiro, 19 June 2012 – Michael Liebreich, chief executive of Bloomberg New Energy Finance, has published a white paper outlining an innovative approach that might help governments retire fossil fuel subsidies, while at the same time helping to spur the creation of clean energy markets. The approach, which he dubs "Sunset Credits" acknowledges the difficulty of eliminating subsidies without engendering popular unrest, and offers an elegant way to finance a shift to ever-more-competitive forms of clean energy. At the G-20 Summit in Pittsburgh in September 2009, leaders of the major economies announced their intention to "phase out and rationalise over the medium term inefficient fossil fuel subsidies while providing target...

Full article: http://www.bnef.com/PressReleases/view/230

Tweets

@MLiebreich » 19 Jun '12, 11am
"@100renew: Thanks seb. Fascinating approach RT @SebHenbest: "#SunsetCredits" may help #EndFossilFuelSubsidies. [link]"
@SebHenbest » 19 Jun '12, 11am
RT @100renew: Thanks seb. Fascinating approach RT @SebHenbest: "Sunset Credits" may help #EndFossilFuelSubsidies. [link]
@100renew » 19 Jun '12, 10am
Thanks seb. Fascinating approach RT @SebHenbest: "Sunset Credits" may help #EndFossilFuelSubsidies. [link]
@FlorenceKitty » 19 Jun '12, 10am
RT @SebHenbest: "Sunset Credits" may help #EndFossilFuelSubsidies. @BloombergNEF press release [link] #rioplus20 #rio #BNEF #auspol
@SebHenbest » 19 Jun '12, 10am
"Sunset Credits" may help #EndFossilFuelSubsidies. @BloombergNEF press release [link] #rioplus20 #rio #BNEF #auspol
@GreenPowerJo » 19 Jun '12, 9am
RT @BloombergNEF: Just out: White paper outlines new approach to address world’s annual $400bn-plus fossil fuel subsidies @MLiebreich [link]
@BloombergNEF » 19 Jun '12, 9am
Just out: White paper outlines new approach to address world’s annual $400bn-plus fossil fuel subsidies @MLiebreich [link]
@wood2energy » 20 Jun '12, 2am
RT @BloombergNEF: White paper outlines new approach to address world’s annual $400bn-plus fossil fuel subsidies [link]
@JustinGerdes » 19 Jun '12, 3pm
RT @BloombergNEF: Just out: White paper outlines new approach to address world’s annual $400bn-plus fossil fuel subsidies @MLiebreich [link]
@EmilyFarnworth » 19 Jun '12, 3pm
RT @BloombergNEF: Just out: White paper outlines new approach to address world’s annual $400bn-plus fossil fuel subsidies @MLiebreich [link]
@UN_Energy » 19 Jun '12, 3pm
RT @BloombergNEF: Just out: White paper outlines new approach to address world’s annual $400bn-plus fossil fuel subsidies @MLiebreich [link]
@daniel_marcin » 19 Jun '12, 3pm
RT @SebHenbest: "Sunset Credits" may help #EndFossilFuelSubsidies. @BloombergNEF press release [link] #rioplus20 #rio #BNEF #auspol
@JezMans » 19 Jun '12, 10am
RT @SebHenbest: "Sunset Credits" may help #EndFossilFuelSubsidies. @BloombergNEF press release [link] #rioplus20 #rio #BNEF #auspol
@ret_ward » 19 Jun '12, 10am
RT @BloombergNEF: Just out: White paper outlines new approach to address world’s annual $400bn-plus fossil fuel subsidies @MLiebreich [link]