IEA Review

Many Developing Countries Subsidize Fossil Fuel Consumption, Creating Artificially Lower Prices

By Institute for Energy Research —— Bio and Archives--November 24, 2011

Global Warming-Energy-Environment | Comments | Back To Full Article

The International Energy Agency (IEA) recently released its 2010 estimate of global fossil-fuel consumption subsidies--$409 billion, 36 percent ($109 billion) higher than in 2009.[ia] This increase, however, is almost entirely due to the increase in international energy prices.

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