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Global Fossil Fuel Subsidies Hit $5.2 Trillion

By : Sustainability ..., May 14, 2019

The world spent a staggering $4.7 trillion and $5.2 trillion on fossil fuel subsidies in 2015 and 2017, respectively, according to a new report from the International Monetary Fund. That means...

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India needs more reforms to remain the fastest-growing large economy: IMF

By : Sustainability ..., Mar 22, 2019

India has been one of the fastest growing large economies in the world, the International Monetary Fund (IMF) has said, asserting that the country has carried out several key reforms in the last...

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Fuel subsidies cost governments in emerging markets more than $500 billion every year: IEA

By : Sustainability ..., May 21, 2014

 LONDON: Fossil fuel subsidies cost governments in emerging markets more than $500 billion every year and are a major contributor to climate change, according to the International Energy Agency (IEA) and International Monetary Fund (IMF).

The biggest subsidies are...
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IMF, World Bank Push for Price on Carbon

By : Sustainability ..., Apr 14, 2014

The IMF and World Bank on Friday urged world finance ministers to impose a price on carbon, warning that time was running out for the planet to avoid worst-case climate change.

The heads of the two global economic...

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Oil Secretary Vivek Rae says India close to seeking loan from IMF

By : Sustainability ..., Jan 14, 2014

 High oil prices have pushed India to the brink of a severe energy crisis, taking it close to seeking a loan from the International Monetary Fund, but sheer good luck has saved the country so far, Petroleum Secretary Vivek Rae said. "We haven't gone to the IMF yet, but we are...

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IMF favours removing energy subsidies to tackle climate change

By : Sustainability ..., Oct 9, 2013

Emphasising that climate change must be high on the priority list for all nations, the IMF has called for getting the pricing right and removing subsidies on energies that amounts to nearly USD 485 billion. 

"Climate change transcends time... If we do not deal with it...

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IMF raises 2010 global growth forecast

By : Preeti Aggarwal, Jul 8, 2010

The IMF has raised its estimate for global growth this year by 0.4% to 4.6%, reflecting a stronger-than-expected first half.

Its forecast is the largest jump in global growth since 2007, while the projection for 4.3% growth next year is unchanged from the April...

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IMF Chief Proposes $100 Billion Annual Fund to Tackle Climate Change

By : sustainabilityo..., Jan 31, 2010

The head of the International Monetary Fund today proposed to create a multi-billion dollar Green Fund that would provide the financing that countries need to cope with climate change and move to a low-carbon growth model.

At the World Economic Forum in Davos, IMF...

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India ready for global scrutiny on emissions

By : sustainabilityo..., Sep 28, 2009

NEW DELHI: India has once again
dramatically shifted position on its international climate change policy. The
Indian government has said it could agree to international review and reporting
of its domestic, voluntary and self-funded actions on greenhouse gas...

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