Dirty Money

The astonishing new data showing that simply eliminating inefficient fossil fuel subsidies could achieve half the world’s carbon reduction goals.

By Matthew Yglesias | Posted Thursday, Jan. 26, 2012, at 1:20 PM ET

What if I told you that we could obtain half the reduction in carbon emissions needed to stave off climate disaster not with new government interventions in the economy but simply by removing existing interventions?

Fatih Birol, chief economist of the International Energy Agency is telling you exactly that.