How affordable commodities fuel climate change
Finshots Daily
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How to Eliminate Subsidies Once and for All
Subsidies are considered essential tools to alleviate poverty. But they cut both ways as we illustrated above. Overuse of fertilizers can actually backfire and lead to resource depletion. Nearly 57% of fishing subsidies worldwide directly contribute to overfishing. Countries around the world actively spent nearly $5.77 billion in 2021 to lower the price of oil, gas and coal.
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