Environment & Energy Report

Fossil Fuel Subsidies Down, but Impact on Emissions in Question

March 21, 2018, 7:09 PM

The world’s biggest economies have recently reduced financial support to consumers and producers of fossil fuels, but a recent study says those steps may have a limited impact on cutting greenhouse gas emissions.

Two Paris-based organizations have been keeping tabs on countries’ steps toward reducing support for greenhouse-gas-emitting fossil fuels since the world’s biggest economies in 2009 committed to gradually eliminating subsidies.

And global subsidies have fallen among the world’s major economies, although they still top $150 billion annually, the Organization for Economic Cooperation and Development reported last month.

But another study, by the Austria-based International Institute for...

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