‘Energy subsidies are pervasive and impose substantial fiscal and economic costs in most regions. On a “pre-tax” basis, subsidies for petroleum products, electricity, natural gas, and coal reached $480 billion in 2011 (0.7 percent of global GDP or 2 percent of total government revenues).’<\/p>\n

via Energy Subsidy reform–Lessons and Implications; IMF Policy Paper; January 28, 2013 – 012813.pdf<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

‘Energy subsidies are pervasive and impose substantial fiscal and economic costs in most regions. On a “pre-tax” basis, subsidies for petroleum products, electricity, natural gas, and coal reached $480 billion in 2011 (0.7 percent of global GDP or 2 percent of total government revenues).’ via Energy Subsidy reform–Lessons and Implications; IMF Policy Paper; January 28, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-4635","post","type-post","status-publish","format-standard","hentry","category-climate-energy"],"_links":{"self":[{"href":"https:\/\/envirobeat.com\/index.php?rest_route=\/wp\/v2\/posts\/4635","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/envirobeat.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/envirobeat.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/envirobeat.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/envirobeat.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4635"}],"version-history":[{"count":0,"href":"https:\/\/envirobeat.com\/index.php?rest_route=\/wp\/v2\/posts\/4635\/revisions"}],"wp:attachment":[{"href":"https:\/\/envirobeat.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/envirobeat.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/envirobeat.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}