Wednesday, September 11, 2013

Fossil Fuel Burden on State Coffers


Fossil Fuel Burden on State Coffers

Nations are weighing phaseout of fossil-fuel subsidies, a growing fiscal burden that ratchets up carbon dioxide emissions by encouraging wasteful oil, natural gas, and coal consumption. The largest subsidies are in developing countries, which spend more than $400 billion annually shielding their populations from high fuel prices. But oil industry tax breaks and other government measures in developed nations also subsidize fossil fuels, to the tune of $45 billion to $75 billion per year. http://environment.nationalgeographic.com/environment/energy/great-energy-challenge/global-energy-subsidies-map/

No comments:

Post a Comment