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HandWiki. Energy Subsidies. Encyclopedia. Available online: https://encyclopedia.pub/entry/28027 (accessed on 05 November 2026).
HandWiki. Energy Subsidies. Encyclopedia. Available at: https://encyclopedia.pub/entry/28027. Accessed November 05, 2026.
HandWiki. "Energy Subsidies" Encyclopedia, https://encyclopedia.pub/entry/28027 (accessed November 05, 2026).
HandWiki. (2022, September 29). Energy Subsidies. In Encyclopedia. https://encyclopedia.pub/entry/28027
HandWiki. "Energy Subsidies." Encyclopedia. Web. 29 September, 2022.

Energy Subsidies

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Energy subsidies are measures that keep prices for consumers below market levels or for producers above market levels, or reduce costs for consumers and producers. Energy subsidies may be direct cash transfers to producers, consumers, or related bodies, as well as indirect support mechanisms, such as tax exemptions and rebates, price controls, trade restrictions, and limits on market access. They may also include energy conservation subsidies. The development of today's major modern energy industries have all relied on substantial subsidy support. Global fossil fuel subsidies represented 6.5% of global GDP in 2015. The elimination of these subsidies is widely seen as one of the most effective ways of reducing global carbon emissions.

fossil fuel subsidies energy conservation subsidy

References

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