Sentences with phrase «subsidies for fossil fuels worldwide»
The researchers suggested switching $ 500bn in subsidies for fossil fuels worldwide to renewables as a «cost neutral» way to fast - track the energy transition.
https://www.theguardian.com/ Not exact matches
A recent IMF paper put the magnitude of subsidies for fossil fuel energy sources at $ 5.3 trillion worldwide in 2015, including both direct fiscal costs and implicit subsidies from the failure to charge for environmental damages or tax energy at the same rate as other consumption products.
They are cited worldwide to justify swingeing fossil fuel taxes and subsidies for «renewable» energy.
Subsidies for fossil fuels have grown 45 percent under President Obama's «all - of - the - above energy» strategy; worldwide, they're estimated to top $ 600 billion.