For decades, governments have subsidised fossil fuels. But why?
- Written by: Bernard Njindan Iyke, Lecturer in Finance, La Trobe University
Sobrevolando Patagonia/ShutterstockEven now, decades after we first began trying to avert the worst of global warming, more than 80% of the world’s total energy comes from fossil fuels.
You might think this would make fossil fuel production extremely profitable. But it’s not always the case. Much of the most accessible oil has already...
Read more: For decades, governments have subsidised fossil fuels. But why?
