“Phasing Out Fossil Fuel Subsidies”

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http://vitalsigns.worldwatch.org/vs-trend/phasing-out-fossil-fuel-subsidies

Efforts to quantify global support for fossil fuels by the International Energy Agency (IEA), the Organisation for Economic Co-operation and Development (OECD), the International Monetary Fund (IMF), and a variety of nongovernmental organizations have generated a wide range of estimates. The amounts identified range from $523 billion to over $1.9 trillion, depending on the calculation and what measures are included. What is clear is that the level of support has rebounded to 2008 levels following a dip in 2009–10 during the global financial crisis.

lightbulblogo

Would the economic recovery have been as strong without subsidized energy prices? If economic growth is dependent on subsidized energy this seems unsustainable in the long-term.

Have the people who benefited from these subsidized energy prices paid their fair share of the taxes that funded these subsidies?

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About isabellew9873

My name is Isabelle Whitehead. I was a member of the Bolton School group on the Operation Wallacea 2015 expedition to Peru.

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