The Morning Briefing: Fossil fuels

"The Morning Briefing" is SmartPlanet's daily roundup of must-reads from the web. This morning we're reading about fossil fuels.

"The Morning Briefing" is SmartPlanet's daily roundup of must-reads from the web. This morning we're reading about fossil fuels.

1.) Why $775 billion in fossil-fuel subsidies are so hard to scrap. Environmentalists have rallied around a new, simple goal. As the Earth Summit gets underway in Rio de Janeiro, they’re asking the world’s nations to scrap the $775 billion spent each year subsidizing oil, gas, and coal. They're even urging Justin Bieber to (yes) tweet about it.

2.) Fuel price adjustment needed to curb demand: RBI. Making a case for increasing prices of petroleum products, the Reserve Bank today said price adjustment was needed to curb demand of fossil fuel. (India)

3.) Germany offers energy blueprint: Gerard Wynn. The shale gas revolution has allowed the United States to tap vast new reserves of gas and oil, but last year's Fukushima nuclear crisis may unleash an alternative blueprint.

4.) Rio+20: Canada shielding fossil fuel subsidies at Earth Summit. Canada is making waves heading into the global Rio+20 Earth Summit by trying to prevent the conference from adopting commitments requiring an end to public fossil fuel subsidies.

5.) The public supports ending fossil fuel subsidies? As thousands from around the world gather in Rio de Janeiro for the Earth Summit, how we tackle climate change and our energy future is top of mind for many. Ending fossil fuel subsidies is an action to which many governments have already commited and behind which the public stands.

Image credit: Darren Kirby

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This post was originally published on Smartplanet.com

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