Explainer: Global Fossil Fuel Subsidies on the Rise Despite Calls for Phase-Out

 (Reuters) – World governments agreed at the COP26 climate summit in Glasgow two years ago to phase out “inefficient” fossil fuel subsidies to help fight global warming. Since then, however, global fossil fuel subsidies have risen $2 trillion to $7 trillion, according to the International Monetary Fund, as governments around the world moved to protect … Read more

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