Transportation Sector Isn't Driving Green Economy

Europe in the age of austerity is slashing subsidies for renewable energy programs. The IEA argues that as renewables become more affordable, government support is waning. This trend suggests at least parts of the economy are starting to witness a sea change in how governments are fueling growth. With the share of renewables in the global energy mix increasing, the playing field with hydrocarbons is becoming more even. But until those trends start to spill over to the transportation sector, global ambitions for a low-carbon economy may be stifled. The…

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