Money to burn: OPEC’s wasteful energy subsidies: Kemp | Reuters
▻http://www.reuters.com/article/2014/05/16/opec-fuel-subsidies-idUSL6N0O231C20140516
Fossil fuel subsidies cost governments in emerging markets more than $500 billion every year and are a major contributor to climate change, according to the International Energy Agency (IEA) and International Monetary Fund (IMF).
The biggest subsidies are concentrated in the Middle East, North Africa, Asia and parts of Latin America, according to the IEA’s Fossil Fuel Subsidy Database (www.iea.org/subsidy/index.html).