Subsidy reform has a lot of potential, according to Richard Damania, chief economist of a sustainability group at the World Bank and study’s principal author. We can free up significant funds that could be applied to solving some of the planet’s most urgent problems by repurposing wasteful subsidies.
Governments should give priority to reforms that increase public support, safeguard the most vulnerable, and demonstrate how funds are being used to significantly better people’s lives, he continued.
Politicians’ environmental pledges are satire and self-serving political theater.
How does that compare to previous years adjusted for inflation?
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Subsidy reform has a lot of potential, according to Richard Damania, chief economist of a sustainability group at the World Bank and study’s principal author. We can free up significant funds that could be applied to solving some of the planet’s most urgent problems by repurposing wasteful subsidies.
Governments should give priority to reforms that increase public support, safeguard the most vulnerable, and demonstrate how funds are being used to significantly better people’s lives, he continued.
Politicians’ environmental pledges are satire and self-serving political theater.
How does that compare to previous years adjusted for inflation?
Mild shock.