Business Daily Media

Countries spend huge sums on fossil fuel subsidies – why they’re so hard to eliminate

  • Written by Bruce Huber, Professor of Law, University of Notre Dame
Countries spend huge sums on fossil fuel subsidies – why they’re so hard to eliminateFossil fuel subsidies keep gas prices low in many countries.AP Photo/Nam Y. Huh

Fossil fuels are the leading driver of climate change, yet they are still heavily subsidized by governments around the world.

Although many countries have explicitly promised to reduce fossil fuel subsidies to combat climate change, this has proven difficult to...

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