New report lists advantages of scrapping fossil fuel subsidies
29 Aug 2008
A newly published UN report says scrapping fossil fuel subsidies could play an important role in cutting greenhouse gases while giving a small but not insignificant boost to the global economy.
The report by the UN Environment Program (UNEP) launched in Nairobi this week challenges the widely held view that such subsidies assist the poor, arguing that many of these price support systems benefit the wealthier sections of society rather than those on low incomes.
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