In order for the world to transition to a low-carbon economy the economics of energy must change. It must become cheaper to both generate and consume energy with a lower greenhouse gas intensity. And while the private sector plays a critical role in facilitating this transition, public policy that encourages low-carbon forms of energy and discourages high-carbon energy is also required. Companies that understand the market opportunities that a low-carbon economy represents are making major investments in R&D in energy generation, developing products that use less energy, and even creating new business models. A new Despite some positive commitments that came out of Rio+20, particularly from the private sector, one of the high profile failures was the lack of agreement to end fossil fuel subsidies. There has been an increasingly widespread and strong call for the end of subsidies in the run-up to the conference. Back in 2009 the G20 pledged to phase out inefficient fossil fuel subsidies, but little effort has been made by those countries since then. More recently, many environmental organizations pushed for a phase-out to be included in the conference Outcome Document. A On the surface this is an easy call. After all, if we are to transition to a low-carbon economy, it makes no sense to continue to subsidize a high-carbon industry. Eliminating payments, tax breaks and discounted royalties is one clear and direct way to change the economics of energy, while also reducing budget deficits that now plague many governments. By some accounts, ending fossil fuel subsidies could by itself result in a 6 per cent reduction in greenhouse gas emissions. Estimates of the size of the subsidies on a global basis range from $400 billion to $1 trillion, depending on exactly what is counted as a subsidy.The economics of energy ending fossil fuel subsidies - Metal Tin Bucket - China Metal Tin Lunch BoxThe economics of energy ending fossil fuel subsidies - Metal Tin Bucket - China Metal Tin Lunch Box The e-commerce company in China offers quality products such as Metal Tin Bucket , China Metal Tin Lunch Box, and more. For more , please visit Square Tin Containers today!
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