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Developing Countries Subsidize Fossil Fuel Use, Artificially Lower Prices

The International Energy Agency (IEA) annually estimates global fossil-fuel consumption subsidies that measure what many developing countries spend to provide below-market cost fuel to their citizens. In 2012, IEA found that fossil fuel consumption subsidies totaled $544 billion, 4 …

via Institute for Energy Research http://www.instituteforenergyresearch.org/2013/12/23/developing-countries-subsidize-fossil-fuel-use-artificially-lower-prices/