30 Nov '15, 5pm

COP21: Time to end fossil fuel subsidies! - The Ecologist

COP21: Time to end fossil fuel subsidies! - The Ecologist

Propping up fossil fuels with tax breaks, planning policies and exemption from the environmental damage they cause at a time when the world is heading toward modern renewable generation and storage technologies will only leave Britain behind. COP21 opened today in Paris with a focus on one of the international community's most serious oversights: the annual allocation of public subsidies worth hundreds of billions of dollars to artificially lower the price of oil, coal and gas. While there is much talk in Paris about 'putting a price on carbon', many here believe that undoing the opposite signals that cut the price of carbon is the obvious place to begin. The first figure to raise this subject in Paris was His Royal Highness The Prince of Wales. He pointed out in his speech to the opening ceremony how "Governments collectively spend more than a trillion dollars every year ...

Full article: http://www.theecologist.org/blogs_and_comments/commentato...

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Key calls for end to fossil fuel subsidies and wins Fossil of the Day https://t.co/JZ2w3dUjgF #cop21 #stopdeepseaoil http…

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