Europe Wants To Wind Down Fossil Fuel Subsidies ...Middle East

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Europe Wants To Wind Down Fossil Fuel Subsidies
source : OILPRICE ( Middle East ) () 47
The European Union is spending too much subsidizing fossil fuels. This appears to be the opinion of some of the largest industrialists in the bloc. But it’s not direct subsidies that these industrialists are talking about. It’s the energy aid governments doled out to households and businesses in response to the crisis. And this aid, according to business leaders, needs to change. “There is an urgent need to cut reliance on these carbon-heavy fuels and address inefficiencies in energy use,” the European head of Schneider…

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