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Global energy subsidies to hit $5.3 tn this year: IMF
2015-05-18 21:45:00| Climate Ark Climate Change & Global Warming Newsfeed
Agence France-Presse: The International Monetary Fund voiced alarm Monday about energy subsidies across the world, saying they were expected to reach $5.3 trillion in 2015, more than government health spending. "These estimates are shocking," the IMF said in a report, noting the figures were among the largest negative factors for economic growth it had ever estimated, piling up adverse effects on efficiency, growth and inequality. The report estimated that this year's energy subsidies represent 6.5 percent of the...
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Category:Electronics and Electrical