RENEWABLE ENERGY SUBSIDIES STILL NEEDED DESPITE FALLING RENEWABLES COSTS, SAY EXPERTS
January 1st, 2019
THE EUROPEAN and global energy landscape is changing fast – and the biggest winners are renewable energies, Dr Fatih Birol, executive director of the International Energy Agency (IEA), has argued – even as green subsidies decline. Dr Birol told the November 27 Brussels launch of the ‘World Energy Outlook 2018’ report.
In his view, renewable energies are coming into their own and so additional subsidies and tax breaks may not be so important: “By 2040, 45% of the growth in global energy demand will be met by renewable energies – solar and wind – ...
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