Alexander Vernoit’s blog

CARRYING THE TORCH - Yale at UN climate summit in Doha

The President of Yale, Richard C. Levin, once asked:

“How do we prevent the continued consumption of fossil fuels from warming our planet to the point that ecosystems are destroyed, food supplies are threatened, and rising sea levels force hundreds of millions to relocate?”

Last month in Doha, the world sought to find an answer. There, at the 2012 United Nations Climate Change Conference, or COP18, a sizeable delegation from Yale was present to address the question.

“The Role of Arab Business in the Transition to Low Carbon Economy”

The graphic shows global energy subsidies in 2010 according to the International Energy Agency (IEA). With fossil-fuel consumption subsidies at $409 billion and renewable energy subsidies at only $66 billion, this state of artificial competitivity creates an imbalance in the market values of the two energy sources.

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