Hard-earned reforms to fossil fuel subsidies are coming under threat

01.11.2018 – While worldwide fossil fuel consumption subsidies almost halved between 2012 and 2016, new data for 2017 show a 12% increase in the estimated value of these subsidies, according to the World Energy Outlook 2018 of the International Energy Agency. Moreover, the run-up in the oil price in 2018 is putting pricing reforms under pressure in some countries. Read the full article on the Modern Diplomacy website.