Commission and Council call on G20 to stop fossil fuel subsidies

摘要

European Commission President Jose Manuel Barroso and European Council chief Herman Van Rompuy have sent a joint letter to the EU heads of state and government calling for a G20 agreement to stop fossil fuel subsidies. The EU's two top officials also want to see progress on climate finance and green growth policies. They say that cutting fossil subsidies should be a priority for the September G20 summit taking place in St Petersburg, Russia in September The 23 July letter states: "On energy matters, it is important to make progress on phasing out fossil fuel subsidies, incorporating green growth policies in structural reform agendas, generating climate finance, improving the transparency of commodity markets, and promoting investment in energy infrastructure."