And people say there are no fossil fuel subsidies...
"Fossil-fuel demand is being stoked by massive subsidies, particularly in the Middle East, with the global total rising $US20 billion ($21.4 billion) in 2012 to $US544 billion. That total will rise to about $US600 billion a year by 2020, Dr Birol said."
(Fatih Birol is the chief economist for the IEA, so he should know.)
If fossil fuels are so cost effective, then why do they need massive subsidies???
