Reforming global fossil fuel subsidies: How the United States can restart international cooperation | Brookings
www.brookings.edu
While President Biden is already pursuing executive orders to promote reform, he can now also push for legislative action to eliminate subsidies in the tax code. Production subsidies are also preserved because of interest group politics. emoving consumption subsidies immediately raises the price of
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- While President Biden is already pursuing executive orders to promote reform, he can now also push for legislative action to eliminate subsidies in the tax code.
- Production subsidies are also preserved because of interest group politics.
- emoving consumption subsidies immediately raises the price of energy
- The reality is that fossil fuels, as the incumbent in the energy sector, have had decades of systemic support and have amassed political power.
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