Study Finds Shifting Fossil Fuel Subsidies to Renewables Would Slash Emissions

HeadlineAug 02, 2019

Meanwhile, a new study finds even modest shifts in government subsidies away from fossil fuels and toward renewables could lead to a dramatic drop in greenhouse gas emissions. The International Institute for Sustainable Development says governments spend some $372 billion each year subsidizing coal, oil and gas; if as little as 10% of that money was invested in wind, solar and other renewables, countries could see a nearly 20% drop in carbon dioxide pollution.

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