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A Pandemic of Sanity

We seem to be suffering a pandemic of sanity. Fatih Birol, the chief economist of the International Energy Agency said recently that the energy sector is responsible for two-thirds of all greenhouse gas emissions, and that ending fossil fuel subsidies and raising the cost of carbon pollution was essential.

“We need to phase out these wrong-headed energy policies and phase in right-minded energy pricing,” he said. Birol added thatp013h6xm the construction of highly polluting coal-fired power stations should be banned and investment in renewable energy increased by 50%.

He made these remarks at a dinner featuring Prince Charles. In his speech the prince noted that abolishing fossil fuel subsidies, estimated at $500bn (£320bn) a year by the International Energy Agency (IEA), would cut global carbon emissions by 13%.

http://www.theguardian.com/environment/2015/jul/02/prince-charles-climate-change-rewire-global-economy?CMP=ema-60

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