Oil Crash Sends New Shock Through World Crippled by Virus
Lower oil prices could allow governments to cut subsidies and increase taxes on fossil-fuel consumption and use revenues to invest in renewable projects, said Ivetta Gerasimchuk at IISD.
Lower oil prices could allow governments to cut subsidies and increase taxes on fossil-fuel consumption and use revenues to invest in renewable projects, said Ivetta Gerasimchuk at IISD.
The transition to so-called green energy has the potential to be anything but green, according to Clare Church, a researcher with the International Institute for Sustainable Development.
Lower oil prices could allow governments to cut subsidies and increase taxes on fossil-fuel consumption and use revenues to invest in renewable projects, said Ivetta Gerasimchuk at the International Institute for Sustainable Development.
Flooding at Whitewater Lake paints a bleak picture of how poor conservation practices can leave the next generation holding the bag when the weather changes.
Eliminating fossil fuel subsidies would obviously help Canada achieve its emissions-reduction targets. What's less obvious is how these subsidies undermine our economy, add to the tax burden, and hinder innovation.