Subsidies to the Fossil Fuel Industry – on the way out!

Subsidies to the Fossil Fuel Industry – on the way out!

In 2010 the G-20 countries concluded that financial assistance by a state to its fossil fuel industry encouraged development of fossil fuel resources, leading to increased emissions from fossil fuels. These countries agreed that state assistance, whether in the form of a subsidy or tax incentives, should be phased out over time. EnviroEconomics Inc., a … Read more…