Repurposing Subsidies for Local weather Motion and Financial Well being

A brand new International Financial institution record examines how subsidy reform can assist safeguard the sector’s foundational herbal belongings—blank air, land, and oceans. Those belongings are crucial for human well being and diet and underpin a lot of the worldwide financial system. However subsidies for fossil fuels, agriculture, and fisheries are riding the degradation of those belongings and harming other folks, the planet, and economies. This cash -numbering within the trillions – may as a substitute be used to finance much-needed local weather motion in nations the world over.