Petrol subsidies stain a developing world

Petrol subsidies ensure the world's majority continue to bear a huge opportunity cost, and the situation looks set to worsen as the resource dries up and more nations develop.

Lowy Interpreter

When G20 leaders met in Pittsburgh in 2009, they committed to "rationalise and phase out over the medium term inefficient fossil fuel subsidies that encourage wasteful consumptio". Subsequent meetings have repeated this commitment.

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