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IEA chief: 'Fossil fuel subsidies are public enemy number one' for green energy

2013-02-04 13:36:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: The International Energy Agency (IEA)'s chief economist has today again urged governments around the world to end the $0.5tr of annual subsidies given to oil and gas production, while also warning that policy instability has become the greatest challenge facing renewable energy markets. Speaking to delegates at the annual European Wind Energy Association (EWEA) conference in Vienna, the IEA's Dr Fatih Birol described fossil fuel subsidies as "public enemy number one" for the production of sustainable...

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