Ending fossil fuel subsidies’could easily fund clean energy transition’Fossil fuels still receive larger subsidies than those given to renewables,says sustainable development organisation

摘要

Reallocating between 10% and 30% of global fossil fuel subsidies to clean energy projects would be enough to fund a transition to clean energy,according to a new report by the International Institute for Sustainable Development(USD).The USD study asserts that fossil fuel subsidies-which total $372bn per year,compared to the $100bn of support renewable energy receives-remain a key barrier to the transition to a clean energy system.The report suggests a’subsidy swap',where the funds freed up from reforming fossil fuel subsidies are redirected to finance renewable energy,energy efficiency and public transport.’Often fossil fuel subsidies are inefficient,costly to governments and undermine clean alternatives,’said Richard Bridle,USD Senior Policy Advisor.’All countries should be looking to identify where swaps can kickstart their clean energy transitions.’