(Fossil Fuels/USA) Globally, governments spend more than $500 billion on subsidies for fossil fuels that contribute to inefficiency, inequity, and negative externalities

July 16, 2021

Johannes Urpelainen and Elisha George write for Brookings: Globally, governments spend more than $500 billion on subsidies for fossil fuels that contribute to inefficiency, inequity, and negative externalities. Despite this obvious problem, efforts at reforming fossil fuel subsidies across the world have been piecemeal. If countries are to achieve the decarbonization goals of the Paris Agreement on climate change, they need to urgently address these subsidies as part of the transition away from fossil fuels.

see Brookings website: Reforming global fossil fuel subsidies: How the United States can restart international cooperation (brookings.edu)

Marco Emanuele

Marco Emanuele è appassionato di cultura della complessità, cultura della tecnologia e relazioni internazionali. Approfondisce il pensiero di Hannah Arendt, Edgar Morin, Raimon Panikkar. Marco ha insegnato Evoluzione della Democrazia e Totalitarismi, è l’editor di The Global Eye e scrive per The Science of Where Magazine. Marco Emanuele is passionate about complexity culture, technology culture and international relations. He delves into the thought of Hannah Arendt, Edgar Morin, Raimon Panikkar. He has taught Evolution of Democracy and Totalitarianisms. Marco is editor of The Global Eye and writes for The Science of Where Magazine.

(Fossil Fuels/USA) Globally, governments spend more than $500 billion on subsidies for fossil fuels that contribute to inefficiency, inequity, and negative externalities

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