By Michel de Rougemont – Re-Blogged From http://www.WattsUpWithThat.com
Following the decarbonisation goals set forth in the Paris climate agreement of December 2015, appeals are made to suppress energy subsidies linked to the use of fossil fuels, and to increase consumption taxes massively as an incentive to burn less of them.
According to « experts » of the International Monetary Fund (IMF) in a report published last December, energy is the beneficiary of subsidies amounting to $4’900 billion in 2013, or 6.5% of the global GDP. On its part, the International Energy Agency (EIA) estimates them at $532 billion for that same year? The not so small 920% difference stems from considerations given to so-called negative externalities associated with the use of energy.