Economics @ ITT

Want to fight climate change? Get rid of $1.9 trillion in energy subsidies.

Posted in economics, environment by ittecon on March 30, 2013

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 from the International Monetary Fund, which argues that the world “misprices” fossil fuels to the tune of some $1.9 trillion per year.

via IMF: Want to fight climate change? Get rid of $1.9 trillion in energy subsidies..

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: