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Assess implications of phasing out fossil fuel subsidies on the mitigation of climate change.

Topic : Conservation, environmental pollution and degradation, environmental impact assessment.

6. Assess implications of phasing out fossil fuel subsidies on the mitigation of climate change. (250 words )

Reference:  science direct

Why the question:

The article presents to us the long-term climate policy implications of phasing out fossil fuel subsidies.

Key Demand of the question:

Directive:

Assess – Weigh up to what extent something is true. Persuade the reader of your argument by citing relevant research but also remember to point out any flaws and counter- arguments as well. Conclude by stating clearly how far you are in agreement with the original proposition.

Structure of the answer:

Introduction:

Talk about the scenario of phasing out fossil fuel subsidies and underlying factors.

Body:

It is often argued that fossil fuel subsidies hamper the transition towards a sustainable energy supply as they incentivize wasteful consumption.

Discuss in detail the implications of phasing out fossil fuel subsidies on the mitigation of climate change such as –

  • The removal of subsidies leads to a net-reduction in the use of energy.
  • Emission reductions contribute little to stabilize greenhouse gases at 450 ppm if not combined with climate policies.
  • Low carbon alternatives may encounter comparative disadvantages due to relative price changes at world markets.

Discuss both advantages and disadvantages.

Highlight their impact on mitigation of climate change.

Conclusion:

Conclude that removal of fossil fuel subsidies, if not complemented by other policies, can slow down a global transition towards a renewable based energy system. The reason is that world market prices for fossil fuels may drop due to a removal of subsidies. Thus, low carbon alternatives would encounter comparative disadvantages.