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IMF asks Fed to delay rate rise
2015-06-04 15:48:06| BBC News | Business | UK Edition
The International Monetary Fund urges the US Federal Reserve to delay any interest rate rise until 2016.
Greece 'cannot afford IMF repayment'
2015-05-24 12:26:57| BBC News | Business | UK Edition
Greece will not be able to make a debt repayment to the IMF due in early June as it does not have the money, the interior minister says.
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The IMF says we spend $5.3 trillion a year on fossil fuel subsidies.
2015-05-21 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Vox: This week, the International Monetary Fund put out a big report claiming the world spends $5.3 trillion a year subsidizing energy, mainly fossil fuels. That's an eye-popping number. And it led to plenty of outraged headlines: Look at all that money we're forking over to Big Oil! That's $10 million every minute! What's more, the IMF noted that if we yanked away all these "subsidies," global carbon dioxide emissions would drop 20 percent -- a huge step toward dealing with climate change. The only...
Energy subsidies top $6.6 trillion, lift carbon emissions by fifth: IMF study
2015-05-19 22:51:00| Climate Ark Climate Change & Global Warming Newsfeed
Age: The world subsidises energy consumption to the tune of more than $200,000 per second, with about 60 per cent of that going to support coal, according to researchers at the International Monetary Fund. In a paper published by the IMF, the authors found that energy subsidies are much more than previously estimated. These will rise to $US5.3 trillion ($6.6 trillion) in 2015, or about 6.5 per cent of total global output. For some developing nations, such as in the former Soviet Union and Pakistan,...
Fossil Fuel Subsidies to Hit $5.3T in 2015, Says IMF Study
2015-05-19 14:46:00| Climate Ark Climate Change & Global Warming Newsfeed
RTCC: Subsidies for fossil fuels that cause climate change have soared since 2013, a new study from the International Monetary Fund has revealed. Oil, gas and coal costs will be subsidised to the tune of US$5.3 trillion a year in 2015. The last time the IMF ran the data it calculated they were worth $1.9 trillion. Economists say the latest figures are more accurate as they represent the true cost of energy, which includes the environmental, health and climate impacts of burning fossil fuels. Over...
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