You are here

Fossil fuel subsidies stymie pollution curbs: IEA report

Carbon dioxide emissions from energy use rose 0.5 per cent to a record 35.5 billion tonnes last year, according to BP plc data. Still, growth was the slowest since a drop in 2009, as Chinese coal consumption held steady.


SUBSIDIES for fossil fuels are overwhelming efforts to curb pollution, the International Energy Agency (IEA) said.

Tax-breaks, subsidised fuel prices and other government support amount to an incentive to pollute worth US$115 per tonne of carbon dioxide, the agency said on...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to