International Energy Agency: Global petrochemical fuel subsidies will reach 660 billion U.S. dollars

The International Energy Agency stated that if it cannot effectively reduce government subsidies, it is expected that global fossil fuel subsidies will reach 660 billion U.S. dollars by 2020. In 2009, global subsidies were 312 billion U.S. dollars, and in 2010 it rose to 409 billion U.S. dollars.

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