WBA news

2010 November 12

The age of cheap oil is over

Renewables are entering the mainstream, but long-term support is needed to boost their competitiveness.

Carbon emissions have to be priced. Fossil-fuel subsidies, in 2009 at 312 billion dollars, have to be phased out.

These are some of the conclusions from IEA in World Energy Outlook.

 

Read more: www.worldenergyoutlook.org