A Quote by Jose Angel Gurria
Many governments are giving subsidies to fossil fuel production and consumption that encourage greenhouse gas emissions, at the same time as they are spending on projects to promote clean energy. This is a wasteful use of scarce budget resources.
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Subsidies for the oil, gas and coal industries are projected to cost taxpayers more than $135 billion in the coming decade. At a time when scientists tell us we need to reduce carbon pollution to prevent catastrophic climate change, it is absurd to provide massive subsidies that pad fossil-fuel companies' already enormous profits.
In reality, Republicans have long been at war with clean energy. They have ridiculed investments in solar and wind power, bashed energy-efficiency standards, attacked state moves to promote renewable energy and championed laws that would enshrine taxpayer subsidies for fossil fuels while stripping them from wind and solar.
Every candidate running for president has got to answer the following very simple question: At a time when we need to address the planetary crisis of climate change, and transform our energy system away from fossil fuels and into energy efficiency and sustainability, should we continue to give $135 billion in tax breaks and subsidies over the next decade to fossil fuel companies?
Britain has squandered its windfall of natural resources from North Sea oil and gas. Instead of prudently investing the 'unearned income' from nature, to build a safe, clean and green energy supply for the nation, we face unnecessary shortages. But there is still a chance to put the proceeds from liquidating our fossil fuel assets to better and more appropriate use. Instead of oil companies profiteering from climate change and oil depletion, a windfall tax could establish an Oil Legacy Fund to pay for Britain's urgent transition to a sustainable, decentralised energy system
Energy is significantly underpriced in many parts of the world, leading to wasteful consumption, price volatility and fuel smuggling. It's also undermining the competitiveness of renewables.
Energy markets can be thought of as suffering from appendicitis due to fossil fuel subsidies. They need to be removed for a healthy energy economy.
I did very much like [Barack] Obama's attack on fossil fuel subsidies for fossil fuel companies. We asked for that in demonstrations and petitions, and now we'll try to push it forward.
It is a fact that many of the wars and conflicts happening all over the world are aggravated or fought strictly for geopolitical fossil fuel energy interests, and many of the world's most dangerous regimes are funded by fossil fuel dollars.
Fossil fuel subsidies are a hand brake as we drive along the road to a sustainable energy future.
The fact is that seven per cent of the global population emits 50 per cent of greenhouse gas emissions, and the proportions are the same for the use of energy and raw materials, meat, wood, etc. Simply put, an infinitesimal minority consumes the most and imposes damage on the overwhelming majority, while asking it to change.
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