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03Feb 2025
Understanding Fossil Fuel Subsidies: A Global Analysis of Costs, Impacts, and Reduction Strategies
Syllabus: GS – 3- Fossil fuels and their impact , fuel subsidy Focus : This article focuses on the magnitude and types of fossil fuel subsidies, their economic and environmental impacts, and global distribution patterns. It explores challenges in subsidy reduction and proposes strategies such as targeted reforms, carbon taxation, and congestion pricing to ensure …
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