Says clean energy system is not possible without prices reflecting true cost of energy
New Delhi : Advocating phasing out of fuel subsidies, International Energy Agency today said clean energy system was not possible without prices reflecting true cost of energy.
"For too long have we supported, directly or indirectly, wasteful use of energy. Largely this is because prices do not reflect the true cost of energy. Altering this means creating a meaningful carbon price and phasing out fuel subsidy," IEA Executive Director Maria van der Hoeven said at the Clean Energy Ministerial conference here. Read more
Source : www.business-standard.com