Carbon ‘subsidy’: how policy favours polluters
Far from taxing emissions, most countries subsidize polluting industries and impose higher tariffs on cleaner firms, a new study finds
Last year, the International Monetary Fund recommended a carbon tax of $75 per tonne of emissions to fight the climate crisis. But far from taxing emissions, the trade policies of most countries in effect end up subsidizing industries that emit more carbon, a new study finds.
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