UK to fight 'perverse fossil fuel subsidies'

UK prime minister David Cameron said governments needed to give businesses certainty to invest in low-carbon technologies.

"That means fighting against the economically and environmentally perverse fossil fuel subsidies which distort markets and rip off taxpayers," he said.

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http://www.abc.net.au/news/2014-09-24/un-says-climate-change-biggest-ever-threat-to-humanity/5764636

'Fossil fuel subsidies reached $90 billion in the OECD and over $500 billion globally in 2011.[1] Renewable energy subsidies reached $88 billion in 2011.[2] According to Fatih Birol, Chief Economist at the International Energy Agency without a phasing out of fossil fuel subsidies, we will not reach our climate targets.[3]'

http://en.wikipedia.org/wiki/Energy_subsidies

Only wiki, I know; but it does have citations.

Is it only 'fossil fuel subsidies' that are perverse, or all energy subsidies?

Given the problems with Bader1 etc, I would expect renewable subsidies to now be considerably higher.

lee wrote on Sep 24^th, 2014 at 12:08pm:

'Fossil fuel subsidies reached $90 billion in the OECD and over $500 billion globally in 2011.[1] Renewable energy subsidies reached $88 billion in 2011.[2] According to Fatih Birol, Chief Economist at the International Energy Agency without a phasing out of fossil fuel subsidies, we will not reach our climate targets.[3]' http://en.wikipedia.org/wiki/Energy_subsidies Only wiki, I know; but it does have citations. Is it only 'fossil fuel subsidies' that are perverse, or all energy subsidies? Given the problems with Bader1 etc, I would expect renewable subsidies to now be considerably higher.

jebus, am i an economics 101 teacher or what? Go ask a crack smoker and he'll pull out his year 11 text book and remember to take it off him and read the unhighlighted bits  :D :D