UN panel urges phase-out of fossil fuel subsidies

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UN panel urges phase-out of fossil fuel subsidies | The Energy Collective: “The production and use of energy, however, comes with significant costs, ranging from climate change to energy security and environmental degradation. There are multiple options for addressing these, the most significant of which include the development and widespread penetration of renewable sources and improvements in energy efficiency…

…With Governments everywhere under increased pressure to reduce public expenditure, an unprecedented political opportunity exists to reduce or eliminate perverse subsidies that fail to reflect the economic value of natural and social resources.””
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