Cutting Fossil Fuel Subsidies Can Cut Greenhouse Gas Emissions Says UN Environment Report
Meanwhile New Assessment of Clean Development Mechanism Shows Climate-Friendly Energy Projects Achieving Lift-Off in Sub Sahara Africa
Accra/Nairobi, 26 August 2008 - Scrapping fossil fuel subsidies could play an important role in cutting greenhouse gases while giving a small but not insignificant boost to the global economy a new report by the UN Environment Programme (UNEP) says.
The report challenges the widely held view that such subsidies assist the poor arguing that many of these price support systems benefit the wealthier sections of society rather than those on low incomes.
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