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He has promised to scrap fuel subsidies and channel the money that saves to the poor and into infrastructure.
Today: Thousands of migrants rescued in waters off Malaysia and Indonesia, Nigeria plans to scrap fuel subsidies despite a looming fuel crisis, a Damascus hospital is struggling to care for more than a thousand patients daily, and Australian scientists warn the rate of sea level rise is actually accelerating rather than slowing.
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Unlike short-term behavioural changes, efficiency investments are irreversible: you do not scrap fuel-frugal boilers or remove roof insulation when fuel prices drop, so efficiency ratchets up.
After that, his first serious move as leader came when he scrapped fuel subsidies as of January 1 , 2015
He told the Commons that the auction would raise up to £3bn, more than enough to scrap the fuel duty rise twice over.
In spring 2012, motorists were paying more than 137p for unleaded, and this put enormous pressure on George Osborne to scrap planned fuel duty rises.
In Britain, motoring groups said the government now had no choice but to scrap the fuel duty rise of up to 5p a litre planned for April.
The party has also pledged to ban zero-hours contracts, place a 50p tax rate on incomes over £150,000, scrap winter fuel payments for the richest pensioners and freeze gas and electricity bills until 2017.
The vote was triggered by a No 10 e-petition which attracted more than 100,000 signatures, and calls on the government to scrap the fuel duty increases scheduled for January and August 2012 and put pressure on oil companies to pass on cheaper prices to motorists.
OO Scrap Fossil Fuel Subsidies Now And Bring In Carbon Tax, Says World Bank Chief - adding that poor countries are feeling "the boot of climate change on their neck".
Discussions about the need to scrap fossil fuel subsidies and address tax havens after the last global financial crisis had taken place, he said, but nothing significant had materialized.
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CEO of Professional Science Editing for Scientists @ prosciediting.com