IIASA: removing fossil fuel subsidies will not reduce CO2 emissions as much as hoped
Green Car Congress
FEBRUARY 8, 2018
However, the study found that the growth of CO 2 emissions by 2030 would only be 1-5% lower than if subsidies had been maintained, regardless of whether oil prices are low or high. This is facilitated by today’s low oil prices. This equates to 0.5-2 —Keywan Riahi, study co-author and IIASA Energy Program director.
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