'Sunset Credits' Could Mark End of Day for Oil Subsidies

'Sunset Credits' Could Mark End of Day for Oil Subsidies | Renewable Energy News Article

renewableenergyworld.com 26 Jun '12, 2pm

'Sunset Credits' Could Mark End of Day for Oil Subsidies

Yet it turns out that one specific climate challenge — how to eliminate subsidies for fossil fuels such as oil, gas and coal — is attracting extraordinary interest in Rio de Janeiro and might at least inspire countries to take small but significant steps toward reducing greenhouse-gas emissions. These rising subsidies cost the world $409 billion in 2010, according to the International Energy Agency. If no efforts are made to curtail them, they could reach $660 billion by 2020, 0.7 percent of global gross domestic product. What’s at least as bad is that the subsidies keep the price of fossil fuels below market rates — so low as to discourage measures to improve energy efficiency. Getting rid of them could lower total energy demand by 4.1 percent by 2020, the IEA estimates. Simply ending the subsidies would boost the price of power, however, and leaders naturally want to avo...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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@CarbonBubble » 30 Jun '12, 8pm
RT @tbli: #'Sunset #Credits' Could Mark End of Day for #Oil #Subsidies [link]
@AGNBiofuels » 27 Jun '12, 4am
'Sunset Credits' Could Mark End of Day for Oil Subsidies [link] #AGNBiofuels
@simplesolar101 » 27 Jun '12, 2am
Sunset Credits - Renewable Energy World: [link] :: Renewable Energy News & Information ... Whe... [link]
@chad_farrell » 27 Jun '12, 2am
spot-on thinking here: [link]
@eco_orange » 26 Jun '12, 5pm
RT @REWorld: 'Sunset Credits' Could Mark End of Day for Oil Subsidies [link] #bioenergy #geothermalenergy
@REWorld » 26 Jun '12, 5pm
'Sunset Credits' Could Mark End of Day for Oil Subsidies [link] #bioenergy #geothermalenergy
@Farm_Investment » 26 Jun '12, 4pm
'Sunset Credits' Could Mark End of Day for Oil Subsidies: Filed under: Biofuel News [link] #aginvestment
@EcoManLeader » 26 Jun '12, 3pm
#Solar There may be little reason to hope the Rio+20 meeting in Brazil this week will lead to major global action... [link]
@ArmyAntsStorage » 26 Jun '12, 3pm
RT @FuturePowerGen: 'Sunset Credits' Could Mark End of Day for Oil Subsidies [link]
@ChillServices » 26 Jun '12, 2pm
'Sunset Credits' Could Mark End of Day for Oil Subsidies [link]
@unwantedname » 01 Jul '12, 1am
'Sunset Credits' Could Mark End of Day for Oil Subsidies [link]
@tbli » 30 Jun '12, 2pm
#'Sunset #Credits' Could Mark End of Day for #Oil #Subsidies [link]
@drjimcarey » 27 Jun '12, 5pm
‘Sunset Credits’ Could Mark End of Day for Oil Subsidies [link]
@TRUSTENERGIA » 27 Jun '12, 5am
RT @REWorld: 'Sunset Credits' Could Mark End of Day for Oil Subsidies [link] #bioenergy #geothermalenergy
@GreenHomeSask » 26 Jun '12, 4pm
'Sunset Credits' Could Mark End of Day for Oil Subsidies [link]
@GreenHomeSask » 26 Jun '12, 4pm
'Sunset Credits' Could Mark End of Day for Oil Subsidies: There may be little reason to hope… [link]
@opean » 26 Jun '12, 4pm
'Sunset Credits' Could Mark End of Day for Oil Subsidies: Filed under: Biofuel News [link]
@DesertSolarInc » 26 Jun '12, 3pm
'Sunset Credits' Could Mark End of Day for Oil Subsidies - There may be little reason to hope the Rio+20 meeting in ... [link]
@PvSolarSolution » 26 Jun '12, 3pm
'Sunset Credits' Could Mark End of Day for Oil Subsidies [link]
@sspence65 » 26 Jun '12, 3pm
‘Sunset Credits’ Could Mark End of Day for Oil Subsidies [link]
@FuturePowerGen » 26 Jun '12, 2pm
'Sunset Credits' Could Mark End of Day for Oil Subsidies [link]
@FuturePowerGen » 26 Jun '12, 2pm
'Sunset Credits' Could Mark End of Day for Oil Subsidies [link]
@FuturePowerGen » 26 Jun '12, 2pm
'Sunset Credits' Could Mark End of Day for Oil Subsidies [link]

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