As we move past the threshold of 400 parts per million of atmospheric CO2, fossil fuel subsidies appear even more unconscionable. These subsidies could be used to finance energy efficiency and renewable energy. In addition ending subsidies could decrease carbon pollution by 13 percent.
A number of prominent organizations including the International Monetary Fund (IMF), the World Bank, and the United Nations (UN) are calling for an end to fossil fuel subsidies.
In March, 2013, the International Monetary Fund (IMF) released a report that called for an end to fossil fuel subsidies. The IMF report titled, Energy Subsidy Reform: Lessons and Implications, indicates that these subsidies account for almost nine percent of all annual country budgets, amounting to a staggering $1.9 trillion.
A number of prominent organizations including the International Monetary Fund (IMF), the World Bank, and the United Nations (UN) are calling for an end to fossil fuel subsidies.
In March, 2013, the International Monetary Fund (IMF) released a report that called for an end to fossil fuel subsidies. The IMF report titled, Energy Subsidy Reform: Lessons and Implications, indicates that these subsidies account for almost nine percent of all annual country budgets, amounting to a staggering $1.9 trillion.
