Global Fossil Fuel Subsidies Remain Large: An Update Based on Country-Level Estimates

Nopic
This paper updates estimates of fossil fuel subsidies, defined as fuel consumption times the gap between existing and efficient prices (i.e., prices warranted by supply costs, environmental costs, and revenue considerations), for 191 countries. Globally, subsidies remained large at $4.7 trillion (6.3 percent of global GDP) in 2015 and are... READ MORE...

Publication date: May 2019
ISBN 9781484393178
$18.00

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