World Resources Institute: The world continues to see the costs of fossil fuel use in the form of climate change impacts like heat waves, floods, and extreme weather. While these costs are often overlooked in traditional economic modeling, a new book from the International Monetary Fund (IMF) quantifies them.
The IMF found that energy subsidies paired with the negative impacts of fossil fuel consumption total $2 trillion annually. These subsidies are not only hurting the environment. According to IMF experts, theyre...