Baker Institute team says fossil fuel subsidies need global reform
Green Car Congress
OCTOBER 23, 2020
of GDP in China to nearly 6% of GDP in Saudi Arabia, where, despite two cycles of price hikes, 60% of the cost of energy products and services continued to be borne by the state. Retracting fossil fuel subsidies would bring a huge reduction in CO 2 emissions alongside public health benefits from reduced local pollution and traffic.”.
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