Abolishing fossil fuel subsidies has little impact on CO2 emissions: study

Published Thu, Feb 8, 2018 · 09:50 PM

Paris

GETTING rid of massive subsidies for oil, gas and coal will not significantly curb carbon pollution or speed the transition to a greener global economy, researchers said on Wednesday, challenging widely held assumptions.

"Unfortunately, it is not the silver bullet many had hoped," they said in a statement.