03.04.2013 - IMF: Scrap $1.9 trillion oil and gas subsidies
The International Monetary Fund (IMF) has called for an end to the US$1.9 trillion in fossil fuel subsidies handed out worldwide each year. A study commissioned by the organisation reveals that 8% of all government revenue globally is spent subsidising unsustainable energy with 40% of the $1.9 trillion total from advanced economies. The groupís Energy Subsidy Reform study found that an overhaul could have beneficial results for a nationís economy...............................................Full Article: Source
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