Fossil Fuel Subsidies Dampen Shift Towards Renewables

windfarm-oilrig
“Renewable and non-renewable resources.” Offshore windfarm installation vessel and oilrig Energy Enhancer, in the port of Esbjerg, Denmark. Captions and Photo source: ©© Jens Auer

Excerpts;

Despite evolving public awareness and alarm over climate change, subsidies for the production and consumption of fossil fuels remain a stubborn impediment to shifting the world’s energy matrix towards renewable sources.

Collectively, fossil fuel subsidies amount to a nearly two-trillion-dollar oar left dragging in the water.

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