Wednesday, 21 September 2011

World Bank Urges Scrapping Fossil Fuel Subsidies To Assist Poor Nations Adjust To Climate Change

offshore oil drilling photo
photo: tjodolv/CC BY

Echoing what numerous NGOs, economists and also the Not have stated formerly, the planet Bank apparently is going to be hitting the scales on fossil fuel subsidies. Based on draft documents leaked towards the Protector, the planet Bank will inform G20 finance ministers the $50 billion in subsidies provided to the fossil fuel industry worldwide every year ought to be removed, in order to help poor nations adjust to global warming.



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