Ending fuel subsidies

President Obama, hosting the G20 meetings that kick off today in Pittsburgh, has asked Indonesian President Susilo Bambang Yudhoyono to deliver a presentation on his country’s elimination of fuel price subsidies, replacing them with needs-based grants to poor consumers. The U.S. estimates that if developing countries were to follow Indonesia’s example they could reduce fossil fuel emissions by 12%. The question is whether President Obama is willing to follow his own advice. [click to continue…]