Ardern calls for end on subsidies of fossil fuels

10 November 2017 – New Zealand Prime Minister Jacinda Ardern called for an end to subsidies for fossil fuels at the APEC CEO’s Summit. Ardern has frequently described climate change as the greatest issue of her generation and did so again at the Summit. Ms Ardern took aim at the US$500 billion spent by governments every year to subsidise fossil fuels which is four times the amount spent on renewables. “We must phase them out. It is incumbent on us to begin incentivising investment in the right technologies.” Ardern finished up the panel by recognising the issue of competing demands around the affordability of renewable energy for developing nations, but pointed out that many of those would feel the effects of climate change first. Read the full article on the Newstalk ZB website.