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Fossil Fuel Subsidies

Fossil Fuel Subsidies: World Monetary Fund

By fossil fuels, Uncategorized

The International Monetary Fund (IMF) has completed a new study that accounts fro global fossil fuel subsidies. Highlights of the study are listed below (from the report introduction): Post-tax energy subsidies are dramatically higher than previously estimated—$4.9 trillion (6.5 percent of global GDP) in 2013, and projected to reach $5.3 trillion (6.5 percent of global…

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