Youth Demand End to Fossil-Fuel Subsidies

Youth activists rallied today at COP 20 against fossil-fuel subsidies.

A few facts:

  • The world currently spends US$ 500 billion a year on fossil fuel subsidies. That is five times more than is spent on subsidies for renewable energy.
  • We also do not adequately account for the cost of pollution on our balance sheets. By giving fossil fuels a free pass for the damage they cause to our health and the environment, we are effectively subsidizing them even further: eighteen times more than we subsidize renewable energy, according to the International Monetary Fund (IMF).

Governments need to level the playing field by reconsidering subsidies for fossil fuels.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s