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Subsidy on fossil fuels in...

India ranks fourth among the top...

Subsidy on fossil fuels in India touches $350 billion: IMF Working Paper

India ranks fourth among the top five nations in fossil fuel subsidies with around $350 billion (over ₹28-lakh crore), a working paper of International Monetary Fund (IMF) has said.The paper, released on Wednesday, has listed China at the top, followed by the US and Russia. The European Union and Japan share the fifth spot. “Globally, total fossil fuel subsidies amounted to $7 trillion in 2022, equivalent to nearly 7.1 per cent of global GDP. Explicit subsidies account for 18 per cent of the total fossil fuel while implicit...

Karl Jörg - August 24, 2023

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Subsidy on fossil...

India ranks fourth among the top five nations in fossil fuel subsidies with around $350 billion (over ₹28-lakh crore), a working paper of...

Karl Jörg - August 24, 2023

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