Removing subsidies on fossil fuel will not decrease CO2 emission substantially. Image: Pixabay
CO2 emission will not be reduced importantly by abandoning fossil fuel subsidies

Removing subsidies (now hundreds of billions of dollars worldwide) on fossil fuels will only have a minor effect on CO2 emissions and use of renewable energy sources, a new study concluded. This is because there will be a switch from the use of oil or gas to emission-intensive coal in some cases, and the demand for energy will decrease by only a few percent. However, the effects will vary between regions, and will be most pronounced in areas that export gas and oil such as the Middle East, Latin-America, Russia and North Africa.

Read the full story: International Institute for Applied Systems Analysis
Scientific publication: Nature