11 Aug '17, 4pm

World's Richest Governments Aid Big Carbon's Efforts to Delay Climate Reckoning

One of President Obama's main climate policy thrusts was to persuade the world that since you often get what you pay for, the world should stop paying for more extreme climate disruption by subsidizing fossil fuels. Both the G7 and the G20 accepted Obama's lead—at least nominally. Some countries did something. Revealingly, both rich and poor countries which were helping energy consumers get cheaper fuel reformed. The United Arab Emirates has dismantled its subsidy regime for gasoline. Indonesia eliminated its gasoline subsidies and capped diesel supports. India has moved very aggressively , first eliminating diesel supports, and now phasing out even the subsidized kerosene intended to help the off-grid poor pay for lighting their homes. (Dealing with electricity subsidies has proven a heavier lift). But most richer countries, including the U.S. and China, the nations who s...

Full article: https://www.ecowatch.com/fossil-fuel-incentives-247176892...

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