IEA calls for scrapping $312 bln in fuel subsidies - Yahoo! News
The International Energy Agency is calling for 312 billion dollars in fuel subsidies to be scrapped in a bid to promote clean energy sources, according to a report presented in Abu Dhabi on Wednesday.
"More aggressive clean energy policies are required, including the removal of fossil fuel subsidies and implementation of transparent, predictable and adaptive incentives for cleaner, more efficient energy options," said the Clean Energy Progress Report.
Fossil fuels currently attract 312 billion dollars in consumption subsidies, versus $57 billion for renewable energy, it added, without specifying which countries were to blame.
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