Global subsidies for energy research are now running at a pitiful $10 billion annually, compared with the $250 billion spent on subsidising the extraction of fossil fuels (mainly on the most polluting of all energy sources, coal). A new slogan for the environmental pressure groups: Some Gain, No Pain, 2 November.Does anyone believe that our political system can meet the urgent environmental challenges we face, when our leaders haven't even the courage to stop subsidising their corporate buddies in the energy business? I don't.
02 November 2006
Thank you Anatole Kaletsky
Commenting on the Stern report on climate change in the [London] Times Mr Kaletsky makes a point that deserves emphasis: