The Organisation for Economic Cooperation and Development (OECD) has completed what is believed to be the first assessment of state support for fossil fuels.
[mailchimp_signup][/mailchimp_signup]Launched earlier this month, the inventory provides detailed information on more than 250 mechanisms – both budgetary support and tax exemptions – that support fossil fuel production and use in developed countries. The aim is to improve transparency and accountability, and help governments to reform the way they treat fossil fuels in a world where climate change is becoming more of a factor. The inventory covers 24 countries, accounting for around 95% of OECD’s energy supply, of which around 54% is petrol. The OECD hopes to keep the inventory updated.
More on the inventory at https://goo.gl/iXF9x
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