Countries around the globe have committed to reducing subsidies for fossil fuels, primarily oil and gas. But that commitment is not being put into practice quickly enough for cleaner energy solutions to gain a competitive edge in some regions, according to the 2014 World Energy Outlook from the International Energy Agency. Global subsidies for fossil fuels totaled nearly $550 billion in 2013. That figure is $25 billion lower than that of the previous year, but the IEA notes that is still not enough of a shift to make renewable energy competitive in the countries with the highest subsidies. More than half of the world’s fossil-fuel subsidies go to oil, and many of the subsidies are concentrated in oil- and gas-producing countries in the Middle East and North Africa. The subsidies that go to fossil fuels dwarf the subsidies for renewable energies, which the IEA put at $120 […]