How can world leaders at the Rio+20 Earth Summit
next week show that they are serious about sustainable development and
environmental protection? The answer is simple: end fossil fuel
subsidies.
Every year, governments around the world give nearly $1 trillion
dollars of public money to the fossil fuel industry. Three years ago,
the G20 committed to phase-out these handouts to coal, oil and gas
companies, but they haven't taken any action since.
Now is the perfect time. This June 18, finance ministers and heads of
state from G20 countries will come together in Los Cabos, Mexico. Three
days later, more than 100 presidents and prime ministers will join over
50,000 people at the Rio+20 Earth Summit, the largest environmental
conference in world history. Both meetings offer a clear opportunity for
world leaders to step up to the plate and stop these outrageous
handouts.
After all, how can you have a serious discussion about funding
sustainable development without taking on the hundreds of billions of
dollars handed over to the fossil fuel sector each year? A mere fraction
of these subsidies could jumpstart thousands of clean energy projects
around the world. Large scale transfers of money from dirty to clean
investments could catalyze the type of worldwide energy transformation
that is desperately needed.
It's still unclear if leaders will take the type of bold action
necessary, but the push to end fossil fuel subsidies is gaining momentum
around the world. On June 18, a dozen major groups -- from World
Wildlife Fund to Avaaz -- are taking part in a 24-hour "Twitter Storm"
to try and flood the online airwaves with the #endfossilfuelsubsidies
hashtag. The coalition may even be within striking distance of taking
down Justin Bieber's twitter world record for the most tweets on a
single hashtag.
The slogan for the Rio+20 meetings is, "The Future We Want." By next
week, we'll know if our politicians have lived up to that promise or
once again bought into "The Future Exxon Wants," a world where our tax
dollars continue to get sucked up by the world's richest corporations so
that they can continue to profit from destroying the planet.
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