Extractives
News

A 5 Trillion Dollar Subsidy: How We All Pay For Fossil Fuels (Forbes)
Fossil fuel companies receive US$ 5 trillion in subsidies annually, equivalent to over 6% of global GDP. The International Monetary Fund (IMF), which calculated the

End fossil fuel subsidies and reset the economy for a better world (IMF & World Economic Forum)
The World Economic Forum launches the “Great Reset” initiative for a better world after the pandemic. The IMF backs the transition to a green economy

How Covid-19 could help eliminate fossil fuel subsidies (Prospect)
As oil-exporting countries struggle to respond to the crisis, there is a way to make critical fiscal resources available. To read the full article, refer
Reports

Exploring the Trade Impacts of Fossil Fuel Subsidies (GSI)
In recent years, growing attention has been given in various contexts to fossil fuel subsidies and the need to reform them. Discussion on the topic,
Effect of subsidies to fossil fuel companies on United States crude oil production (Nature Energy)
Countries in the G20 have committed to phase out ‘inefficient’ fossil fuel subsidies. However, there remains a limited understanding of how subsidy removal would affect fossil