Declare robust timetable for action on subsidies

A letter to the editor signed by Shenggen Fan, Jeffrey Sachs, and other economists appeared in the Financial Times on Nov. 12 calling on world leaders to take urgent action to cut fossil fuel subsidies ahead of next week’s G20 summit in Antalya, Turkey. “Despite pledging in 2009 to phase out these subsidies, new research by the Overseas Development Institute and Oil Change International, shows that G20 governments are pumping $452bn annually into the exploration for and production of fossil fuels,” the letter said.