- Jul 15, 2020 6:52 pm GMT
The cost of energy is the ultimate expression of whether the establishment is interest in the public’s interest or its own.
The International Monetary Fund found the implicit global subsidy from undercharging for energy and its environmental costs in 2017 was US $5.2 trillion, or 6.5 percent of the global gross domestic product (GDP). About $500 billion of this total was in direct subsidies and the remainder was the environmental costs.
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