Next Article in Journal
A Model to Measure Tourist Preference toward Scenic Spots Based on Social Media Data: A Case of Dapeng in China
Previous Article in Journal
Urban Regeneration and the Search for Identity in Historic Cities
Article Menu
Issue 1 (January) cover image

Export Article

Open AccessArticle
Sustainability 2018, 10(1), 50; https://doi.org/10.3390/su10010050

Implications of Switching Fossil Fuel Subsidies to Solar: A Case Study for the European Union

1
Basque Centre for Climate Change (BC3), 48940 Leioa, Spain
2
Department of Foundations of Economic Analysis, University of the Basque Country (UPV/EHU), 48940 Bilbao, Spain
*
Author to whom correspondence should be addressed.
Received: 4 December 2017 / Revised: 22 December 2017 / Accepted: 23 December 2017 / Published: 26 December 2017
(This article belongs to the Section Energy Sustainability)
View Full-Text   |   Download PDF [1135 KB, uploaded 26 December 2017]   |  

Abstract

Fossil fuel subsidies (FFS) constitute one of the most obvious barriers to tackling climate change, as they encourage inefficient energy consumption and divert investment away from clean energy sources. According to the International Monetary Fund, FFS amounted globally to $233 billion in 2014, over four times the value of subsidies awarded to promote renewable energy. In this study an integrated assessment model is used to analyse the CO2 implications in the European Union of eliminating FFS and recycling the revenues to promote rooftop PV. It is found that eliminating FFS would give rise to a small reduction in CO2 due to fuel-switching from coal to gas. If the revenues were recycled to promote solar, then the CO2 reduction would increase from 1.8% to 2.2% by 2030. Eliminating FFS is not a panacea from the mitigation point of view, even if the revenues are recycled, but other important objectives, such as those related to renewable energy promotion and the reduction of air pollution, are advanced at zero cost for the government. View Full-Text
Keywords: fossil fuel subsidies; renewable energy; mitigation; air pollution fossil fuel subsidies; renewable energy; mitigation; air pollution
Figures

Figure 1

This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).
SciFeed

Share & Cite This Article

MDPI and ACS Style

Sampedro, J.; Arto, I.; González-Eguino, M. Implications of Switching Fossil Fuel Subsidies to Solar: A Case Study for the European Union. Sustainability 2018, 10, 50.

Show more citation formats Show less citations formats

Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Related Articles

Article Metrics

Article Access Statistics

1

Comments

[Return to top]
Sustainability EISSN 2071-1050 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert
Back to Top