Fossil-fuel subsidies cost the global economy an estimated US$500 billion annually. But these heavy subsidies serve to discourage energy efficiency and defer investment in clean-energy systems. If international governments were to stop subsidizing...▶
Mark Halle is director of trade and investment at the International Institute for Sustainable Development (IISD) in Geneva, Switzerland. He is also the founder and former Chairman of the Board of the International Center for Trade and Sustainable Development.