Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Tuesday, November 1, 2011

Renewable Energy Being Held Back by Fossil Fuel Subsidies - IEA

Renewable Energy Being Held Back by Fossil Fuel Subsidies - IEA

Recent reports show a massive increase in coal dependency caused by fossil fuel subsidies to be addressed at World Climate Summit.
According to the International Energy Agency's (IEA) latest findings, coal and oil subsidies pose the greatest challenge to the renewable energy market. As the world's largest exporter of coal, Australia's carbon emissions have grown nearly 300 percent since 1970, according to the IEA's last annual report on CO2 emissions. Worse, that percentage is regional, excluding the huge amounts of coal shipped overseas to some 20 dependent countries.
The IEA blames electricity/heat generations and transportation as the major culprits of nearly two-thirds
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