Towards the end of last year the International Energy Agency announced that subsidies for fossil fuels globally had risen by 30% to $523 billion. Given the furor over comparatively miniscule levels of support for the emerging renewable energy industry, it was a surprise to me that the announcement went relatively unremarked. Thankfully, there are fundamental factors at work that ultimately will make fossil fuel subsidies unsustainable, leading to their decline and allowing other forms of energy ...
Towards the end of last year the International Energy Agency announced that subsidies for fossil fuels globally had risen by 30% to $523 billion. Given the furor over comparatively miniscule levels of support for the emerging renewable energy industry, it was a surprise to me that the announcement went relatively unremarked. Thankfully, there are fundamental factors at work that ultimately will make fossil fuel subsidies unsustainable, leading to their decline and allowing other forms of energy ...
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