ODI Report: Time to change the game on fossil fuel subsidies and climate

Two years ahead of a crucial UN climate change summit, global fossil fuel subsidies now top half a trillion dollars. This ODI report argues that it is time to 'change the game' on fossil fuel subsidies.
What's at stake?

Many of the world’s richest countries continue to pour money into fossil fuel subsidies, with average spending running at $112 per adult. In developing countries the majority of benefits from fossil fuel subsidies go to the richest 20% of households.

This is an expensive business. Fossil fuel subsidies cost over half a trillion dollars globally in 2011, and up to $90 billion in the OECD alone.

See full Report: http://www.odi.org.uk/subsidies-change-the-game