IIASA: removing fossil fuel subsidies will not reduce CO2 emissions as much as hoped
Green Car Congress
FEBRUARY 8, 2018
However, the study found that the growth of CO 2 emissions by 2030 would only be 1-5% lower than if subsidies had been maintained, regardless of whether oil prices are low or high. First, these subsidies generally apply only to oil, gas, and electricity. This is facilitated by today’s low oil prices.
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