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This database refers to the OECD Inventory of Support Measures for Fossil Fuels, taking stock of almost 800 spending programmes and tax breaks used by governments in OECD countries and key emerging G20 economies (Brazil, China, Colombia, India, Indonesia, Russia and South Africa) to encourage...
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percent of the 2020 subsidy reflects undercharging for supply costs (explicit subsidies) and 92 percent for undercharging for …
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Governments around the world continue to subsidize fossil fuel use, incentivizing unsustainable consumption levels with … reforms and expected benefits through improved air quality and health outcomes. Using the World Bank-International Monetary …-specific factors, such as the size of initial subsidy programs, and the extent to which these cover the most polluting fuels. FFS …
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The Gabon Economic Update is an annual World Bank publication that presents an overview of the evolving macroeconomic …
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Fossil fuel subsidies are universally regarded as bad policy, yet they are depressingly common. Evidently, domestic politics drives this outcome. Drawing on recent literature, this very short paper summarizes lessons for reformers in a way, it is hoped, that they find useful
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Despite commitments to scale up and speed up climate action, the fiscal cost of government support for fossil fuels almost doubled in 2022 to reach more than USD 1.4 trillion as governments across the OECD and partner countries introduced substantial initiatives to mitigate high energy costs on...
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