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Oil and gas subsidies remain large: IMF

DATA from the International Monetary Fund released this month revealed that globally subsidies for the fossil fuels sector hit US$4.7 trillion (A$6.74 trillion) in 2015, and were estimated at US$5.2 trillion in 2017 - roughly 6.5% of global GDP.

Paul Hunt

The Global Fossil Fuel Subsidies Remain Large: An Update Based on Country-Level Estimates was released at the start of this month and reviewed 2015 and 2017 levels of subsidisation in the fossil fuel...

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