Tuesday, 9 November 2010

IEA calls for end of government subsidies for fossil fuels

The International Energy Agency calls for governments to stop subsidising the fossil fuel industry. Last year governments - mainly in the developing world - spent $312bn subsidising coal oil, gas and coal. The BBC's Roger Harrabin reports that the IEA's World Energy Outlook 2010 - released today - says:

"Subsidies that artificially lower energy prices encourage wasteful consumption and undermine the competitiveness of renewable and more energy-efficient technologies."

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