IHS Chemical Week

EnviroTech :: Environment

OECD Uses Bali Stage to Urge for the Removal of Biofuel Subsidies

7:18 AM MST | December 12, 2007 |

Alex Scott

Angel Gurria, secretary-general for the Organisation of Economic Cooperation and Development (OECD; Paris) in a speech today at the United Nations Climate Conference at Bali has called on governments to consider removing subsidies on biofuels. He urged countries that continue to subsidise the “good” solutions to climate change, rather than tax the “bad” ones, to think again. “Subsidizing a particular kind of good behavior risks locking in technologies that may later be considered inefficient. Taxing bad...

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