Fossil fuel industry sustained by ‘toxic triangle’ that puts 400 million at risk

Fossil fuel industry sustained by ‘toxic triangle’ that puts 400 million at risk

Press quote (The Guardian)
17 October 2014

Stephen Tindale, an associate fellow at the Centre for European Reform, argued in a September report that "inefficient fossil fuel subsidies" needed to be stopped in Europe, in line with a G20 commitment made in 2009.

"Ending them will save or raise substantial sums for governments. Spending on energy efficiency is economically efficient as well as socially beneficial. And investment in new energy technologies will enable European companies to compete in export markets. European governments should give much of the revenue from the phasing out of direct and indirect subsidies for hydrocarbons to the Green Climate Fund," he wrote.