29 November 2013

Gradual elimination of inefficient fossil fuel subsidies will make alternative energy more competitive

Yevgeny Shvarts, Co-Chair of the Civil 20 Environmental Sustainability and Energy Working Group, spoke with RIA Novosti about the activities of the Working Group during Russia's G20 Presidency.

He said that one of the main accomplishments of the Civil 20 in the sphere of environment protection was the support received from the G20 for the proposal on monitoring the fulfillment of the G20 decision to phase out inefficient fossil fuel subsidies (with respect to oil, gas and coal). That proposal was incorporated in the Final Communique of the G20 St.Petersburg Summit. "We consider this to be a major breakthrough, which was only possible thanks to the cooperation of the Civil 20 with the experts of the G20 Energy Sustainability Working Group," Shvarts said.

He believes that elimination of fossil fuel subsidies will make alternative energy more competitive and foster further development of renewable energy. "This will be a lengthy process, but I hope that we will see first results coming in time for the G20 Summit in Australia," Shvarts said.

He added that a new working group had been set up at the Civil 20 for public monitoring of implementation of the G20 decisions. This mechanism can be very effective, Shvarts said.

Full version of the interview you can find here (only Russian version)