UN chief calls for 'elimination' of fossil fuel subsidies

UN chief Ban Ki-moon called on Tuesday for the "elimination of fossil fuel subsidies" to accelerate the transition to clean energy for the sake of the planet.

Countries and businesses must do more to curtail global warming caused by fossil fuel emissions, he said in Marrakesh, which is hosting the annual UN climate conference.

Ban said planet-warming greenhouse-gas emissions must peak by 2020 and decline rapidly thereafter for the world to meet the UN goal of limiting average global warming to under two degrees Celsius over pre-industrial levels.