IIASA: removing fossil fuel subsidies will not reduce CO2 emissions as much as hoped
Green Car Congress
FEBRUARY 8, 2018
Fossil fuel subsidies amount to hundreds of billions of dollars worldwide, and removing them has been held up as a key answer to climate change mitigation. 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.
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