"World Bank: Ditch Fossil Fuel Subsidies To Address Climate Change"

"Leaked World Bank documents propose that rich countries should eliminate the $50bn a year they give in fossil fuel subsidies, in order to financially help poor countries address climate change.

The documents, due to be presented to the G20 finance ministers in November, also suggest that countries redirect "climate aid" money already pledged, towards the propping up ailing carbon markets.

Source: Guardian, 09/22/2011


Subscribe to RSS - International