Inventory of Estimated Budgetary Support and Tax Expenditures for Fossil Fuels 2013
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Foreword
The aftermath of the worst economic crisis of our lifetimes is a challenging environment for government policy. This is particularly the case in more advanced economies, where a combination of persistent unemployment and high levels of public debt poses difficult challenges for policymakers. Remedies are needed that will promote sustained growth over the longer term. At the same time, governments are searching for ways to improve the fiscal and environmental situation in the short term. One promising avenue is the removal of inefficient and environmentally harmful subsidies.
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