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Fossil fuel subsidy reforms have become more fragile

Summary by Nature
Since the mid-2010s, many governments have pledged to reduce their subsidies for fossil fuels. Yet, it is unclear whether these reforms have been implemented, with prior studies showing conflicting results. Here we collect original monthly data on the 21 countries with the largest gasoline subsidies in the 2003–2015 period and evaluate their reform efforts from 2016 to 2023. Since 2016, there has been an increase in the frequency and ambition of…

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Renew Economy broke the news in on Friday, March 28, 2025.
Sources are mostly out of United Kingdom (1)

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