Reforming energy subsidies

Source: UNEP
"Scrapping fossil fuel subsidies could play an important role in cutting greenhouse gases while giving a small but not insignificant boost to the global economy a new report by the UN Environment Programme (UNEP) says. The Programme’s Division of Technology, Industry and Economics has published a short but informative overview on how reforming energy subsidies can contribute to climate change and sustainable development. The report challenges the widely held view that such subsidies assist the poor arguing that many of these price support systems benefit the wealthier sections of society rather than those on low incomes."