30 May '16, 3pm

G7 leaders agree to stop subsidizing fossil fuels by 2025

Subsidies have been decreasing generally, but not in every G7 country The UK recently offered tax breaks for some oil producers, Canada continued some natural gas subsidies, and Japan financed some new coal-fired power plants, the Guardian reports. Overseas Development Institute research fellow Shelagh Whitley seemed cautiously optimistic about the declaration, even as she told the paper that G7 leaders should have committed to a deadline of 2020 if they were truly serious about the Paris Agreement. She said, “We already see [some in] the G7 going in the wrong direction since Paris. Just because they are saying this [about fossil fuel subsidies], it’s not a

Full article: http://inhabitat.com/g7-leaders-agree-to-stop-subsidizing...

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