August 24, 2023
Fossil fuel subsidies hit record $7tn, says IMF
Government support to contain rising oil and gas prices for end users more than doubled since 2020
A new IMF study has found that fossil fuel subsidies reached a record value of $7tn in 2022 as governments absorbed part of the higher energy prices caused by Russia’s invasion of Ukraine ...
Sustainability-linked bonds offer investors a profitable way to lend to companies with green and social targets, say their supporters, but other financial experts are unconvinced the instrument is capable of...Read more