PHASE OUT HARMFUL FOSSIL FUEL SUBSIDIES SAYS RIO+20
July 1st, 2012
BY CARMEN PAUN, IN RIO DE JANEIRO
THE WORLD'S energy ministers are pondering policy responses to 'The Future We Want', a document summarising recommendations from the United Nations (UN) Conference on Sustainable Development (Rio+20) which ended June 22 in Rio de Janeiro, Brazil.
It invites nations which have not yet done so to consider rationalising 'inefficient fossil fuel subsidies' by removing such market distortions. Suggested measures include restructuring taxation to favour green energy systems and linking taxation to carbon emissions.
The strongest ...
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