IISD Releases Five-Part Series of Reports on Removing Fossil Fuel Subsidies
Green Car Congress
APRIL 22, 2010
This figure includes subsidies to lower the prices of petroleum products, kerosene or liquefied petroleum gas (LPG), typically in developing countries, as well as subsidies to the oil, gas or coal industries, provided by many governments in both developing and developed countries. The authors note that the US is an important test case for the idea that price-gap evaluations alone are not sufficient to capture the many ways that fossil energy is subsidized.