Can Fossil Fuel Subsidies Transfer to International Climate Finance?

Can Fossil Fuel Subsidies Transfer to International Climate Finance? / Lynann Butkiewicz. Weathervane, 4/10/2011

http://www.rff.org/wv/archive/2011/10/04/can-fossil-fuel-subsidies-transfer-to-international-climate-finance.aspx

Last month, leaked World Bank documents (which will be presented to the G20 meeting of finance ministers in November) recommended that countries cut fossil fuel subsidies in order to boost funding to tackle climate change. I have discussed previously that securing public funding for climate finance will be difficult given fiscal constraints as governments tighten their budgets to deal with struggling economies. But are fossil fuel subsidies an issue on which governments can and, more importantly, are willing to act?…


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