How Large Are Global Fossil Fuel Subsidies?
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文摘
Fossil fuel subsidies are large, amounting to 6.5% of global GDP in 2015. Mispricing from a domestic perspective accounts for the bulk of the subsidy. Coal subsidies account for the largest part (about half) of global subsidies. In absolute terms, subsidies are highly concentrated in a few large countries. The environmental, fiscal, and welfare gains from subsidy reform are substantial.

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