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global fossil fuel subsidiesPhys Org
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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
Source diversity
27
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