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Summary

Fossil Fuel Subsidies Persist

This is a Russia news story, published by Phys Org, that relates primarily to John news.

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global fossil fuel subsidies
Phys Org

Phys Org

•

Countries spend huge sums on fossil fuel subsidies. Here's why they're so hard to eliminate

Phys Org
Summary
Nutrition label

87% Informative

Many countries have promised to reduce fossil fuel subsidies to combat climate change.

But they're still heavily subsidized by governments around the world.

John Defterios: Fossil fuel subsidies undermine efforts to address climate change because they make fossil fuels cheaper than they would be otherwise.

He says global leaders have acknowledged that subsidies for fossil fuels undermine climate change efforts.

After Russia 's invasion of Ukraine , energy prices surged throughout Europe .

Subsidies can be regressive, forcing low-income residents to spend a larger percentage of their income on energy.

When prices recede after a surge, it "provide[s] an opportune time to lock in pricing of carbon and local air pollution emissions without raising energy prices," IMF noted.

VR Score

90

Informative language

90

Neutral language

44

Article tone

semi-formal

Language

English

Language complexity

61

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

External references

33

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Source diversity

27

fossilfuelsubsidytracker.orgscholar.google.comwww.cambridge.orgwww.oecd-ilibrary.orgwww.law.cornell.eduwww.globalpetrolprices.comwww.imf.orgwww.nytimes.comwww.reuters.comdoi.orgwww.ineteconomics.orgwww.apec.orgwww.ft.comwww.arabnews.comwww.gao.govknowledge.wharton.upenn.eduhome.treasury.govwww.investopedia.comtheconversation.comfffsr.orgwww.iisd.orgwww.iea.orgscx2.b-cdn.netdocuments1.worldbank.orgwww.heritage.orgscience.nasa.govwww.kapsarc.org

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