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Podcast: Energy Gang
Episode: Breaking Down Global Subsidies for Fossil Fuels
Description: A new report from the International Monetary Fund shows that the world spent $5.2 trillion on fossil fuel subsidies in 2017. That’s half a trillion dollars more than in 2015.But it also shows that fossil fuel subsidy spending is down by half since 2012. What gives? How much are we actually spending to make fossil fuels cheaper?We’ll clarify the different ways economists are measuring that spending.Then, U.S. tax subsidies for solar and wind are set to ramp downward as part of a deal struck in 2015. But some are calling for an exte...