Australia making ’empty promises’ on phasing out fossil fuel subsidies – report
Australia and its fellow G20 nations are “paying fossil fuel producers to undermine their own policies on climate change”, a British think tank says.
In a report released on Thursday, the Overseas Development Institute questioned why the Australian government continued to provide more than $5 billion a year to support fossil fuel production, despite a G20 commitment to phase out subsidies six years ago.
The report, titled Empty Promises: G20 subsidies to oil, gas and coal production, comes ahead of the G20 summit in Turkey on November 15, and says that G20 governments collectively spend more than $640 billion a year to support the production of fossil fuels – almost four times the total of global subsidies for renewable energy. http://www.smh.com.au/environment/australia-making-empty-promises-on-phasing-out-fossil-fuel-subsidies-report-20151111-gkwbrb.html
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