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Fossil fuel subsidies made for an eyebrow-raising 6.5 percent of the global GDP in 2015, or about $5.3 trillion. This revelation on behalf of the International Monetary Fund was reported by four economists, and published earlier this year in the World Development journal. The study took a broad approach, factoring how subsidies arise when consumer […]

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The U.S. and China have more work to do to reduce fossil fuel subsidies and to meet the agreement made in late 2014 on cutting greenhouse gas emissions, according to studies released this month at the G20 meeting. The U.S. and Chinese governments released reports at the meeting of G20 nations in ¬†Hangzhou, China, showing […]

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