November 8, 2012 Climate Equity, Not Fossil Fuel Subsidies
By David Ciplet and Timmons Roberts
It’s absurd — the countries least responsible for causing climate change are suffering worst and first from its impacts, including droughts, floods and famines. Meanwhile, wealthy countries continue to feed the problem by directing hundreds of billions of dollars to subsidize fossil fuel industries every year. In fact, the support they’ve offered those hit hardest is less than one percent what they give the polluters most driving climate change.
In 2009, these countries promised to end fossil fuel welfare once and for all. It is time that they met this promise. Redirecting this money to the Least Developed Countries and other vulnerable nations would help them to adapt to this new climate reality and level the playing level playing field for clean energy, spurring a transition to a sustainable economy.
In three weeks, representatives of the world’s nations will meet for talks on the United Nations’ climate change treaty. President Obama led the initial charge against handouts to Big Oil, but lost the political will to make it a reality. Hot off his reelection, Obama has a huge chance to be bold and start moving money from the problem to its solution. Sign the petition here – Avaaz.org will deliver the petition to wealthy countries at the climate talks when we reach a critical mass!