Prince calls for end to fossil fuels subsidies

F

ossil fuel subsides totaling $500 billion globally must be scrapped to prevent catastrophic climate change, the Prince of Wales’s Corporate Leaders Group told the COP21 conference in Paris today.

Prince Charles calls for an end
 to fossil fuel subsidies.

John Key, the New Zealand Prime Minister, presented the Fossil Fuel Subsidy Reform Communiqué to Christiana Figueres, executive secretary of the UN Framework Convention on Climate Change (UNFCCC) on behalf of the Friends of Fossil Fuel Subsidy Reform and its supporters.

Philippe Joubert, chair of The Prince of Wales’s Corporate Leaders Group, said: “The CLG‘s long-standing efforts to put a price on carbon, including most recently working with the World Bank through the Carbon Pricing Leadership Coalition, will soon deliver results.

Read the EcoWatch story - “Prince Charles: Governments Must Scrap Fossil Fuel Subsidies.”