interestingly, Alan Beattie (FT) points out, the headline subsidies quoted as flowing to fossil fuel firms around the world include both explicit & implicit subsidies (calculated by the IMF & World Bank).
I'm not saying all is therefore fine, but the implicit subsidies include future taxes not levied... as well as other regulatory issues (rather than cold hard cash payments).
This makes the figures look less 'fact' & more political rhetorical which is worth knowing!
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