Page 5 - நிகர பூஜ்யம் சொத்து ஓநர் கூட்டணி News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Governors Wind Energy Coalition The World’s Biggest Governments Are Still Propping Up Fossil Fuels Source: By Nathaniel Bullard, Bloomberg • Posted: Thursday, July 22, 2021 Subsidies are falling, but polluters are still getting plenty of public support. The International Energy Agency published a hopeful finding last month on global subsidies for fossil fuel consumption, showing a fall of more than 40% in 2020 following a drop of more than 30% in 2019. That does not, however, mean that countries have reduced their support for fossil fuel industries. Two things helped lower these subsidies: a sharp drop in consumption during the pandemic, and a significant drop in prices. The full breadth of government support, however, covers a lot more than lowering the price tags consumers see. It also includes investment by state-owned companies, budgetary transfers, tax breaks, and concessional grants and loans from public financial institutions.

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