Call for fossil fuel energy subsidy reform

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Maritime Journal

Global Wind Day, jointly organised by the European Wind Energy Association (EWEA) and the Global Wind Energy Council (GWEC), will have its annual celebration on Saturday.

This year an online action has been launched to put pressure on world leaders, ahead of the G8 summit on 17-18 June, to keep their commitment to phase out fossil fuels and switch to renewable energy.

The level of subsidies to fossil fuels has gone up by nearly 30% to $620bn since 2010 and today fossil fuels receive six times more subsidies than renewable energy. Meanwhile, atmospheric global carbon dioxide levels have reached a record high of 400 ppm seriously hindering efforts to bring human produced emissions under control.