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IMF Want to fight climate change? Get rid of $1.9 trillion in energy subsidies
2013-03-27 20:24:00| Climate Ark Climate Change & Global Warming Newsfeed
Washington Post: What`s the simplest way to tackle global warming? Make sure that fossil fuels are priced properly and not subsidized. Is it really that easy? That`s the core idea behind a large new report (pdf) from the International Monetary Fund, which argues that the world "misprices" fossil fuels to the tune of some $1.9 trillion per year. Eliminating these subsidies, the IMF argues, and replacing them with appropriate carbon taxes could cut global greenhouse-gas emissions by 13 percent, curtail air pollution,...
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Category:Electronics and Electrical