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Subsidies Play Significant Role in Climate Change, IMF Says
2013-03-27 22:34:00| Climate Ark Climate Change & Global Warming Newsfeed
Inter Press Service: The International Monetary Fund (IMF) is urging national governments around the world to roll back or eliminate subsidies on petroleum-based energy sources, estimating that this alone could result in a 13-percent decline in global carbon dioxide emissions. In an unusual new paper marking its full entry into the climate change debate, the Washington-based fund on Wednesday said the cost of "pre-tax" subsidies for these products, when consumers pay less than the cost of supply, stood at about 480...
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Category:Electronics and Electrical