Subsidies for the fossil fuel industry should be eliminated as they help to “destroy the world” the United Nation’s Secretary-General Antonio Guterres told media this week, adding pollution should be taxed, as quoted by Reuters. “Many people still think that to give fossil fuel subsidies is a way to improve living conditions of people,” Guterres said at a climate change conference in Austria. “There is nothing more wrong than that. What we are doing is using taxpayers’ money – which means our money – to boost hurricanes, to spread droughts, to melt glaciers, to bleach corals. In one word – to destroy the world.” Global fossil fuel consumption subsidies , including for electricity generation, exceeded US$300 billion in 2017, according to data from the International Energy Agency released in its 2018 World Energy Outlook. Of this, Iran accounted for the biggest portion, at US$45 billion, followed by China, with […]