SPECIAL REPORT by EurActiv*, 29 November 2012 — UN plans to double the world’s renewable energy capacity within two decades are under threat from fossil-fuel handouts, which have almost doubled in three years, campaigners say.

**Traffic slows to a crawl on the Monash Freeway in Melbourne, Australia through peak hour traffic. | fir0002 | flagstaffotos.com.au
More than 60 nations have committed to the UN’s ambitious Sustainable Energy For All (SE4ALL) targets which would, among other things, double the amount of renewables in the global energy mix.
But the world currently spends twelve times more on fossil fuels subsidies than renewable ones, according to Bloomberg New Energy Finance, and campaigners say this could threaten the SE4ALL project.


