IMF says fossil fuel subsidies hit 7 trillion in 2023
Global subsidies for fossil fuels rose to a record 7 trillion dollars, about 7 percent of world GDP, as explicit support surpasses 1 trillion and implicit subsidies dominate. The IMF notes subsidies keep fuels cheap, distort pricing, and delay clean energy progress while worsening air pollution and climate impact. Reducing subsidies could boost efficiency, raise revenue, and align prices with true costs.
MENTIONED IN THIS ARTICLE
International Monetary Fund
Russia
Ukraine
IMF
Bloomberg
Deadline for Letters to the Editor on Nov 7 Election
The Gazette invites letters to the editor with a November 7 election focus. Submissions must be 250 words or fewer and include name full address and phone number for verification. Email preferred letters medina-gazette.com or mail to The Gazette 885 W Liberty St Medina OH.
MENTIONED IN THIS ARTICLE
Medina-Gazette.com
the Gazette
W. Liberty St
Medina
Child care costs push workers to limit in U.S.
LZ Granderson argues that rising child care costs and funding cuts cripple families while workers face inflation and jobs shortages. He notes 42 major work stoppages since August, 39 billion in lost child care funding, and a looming need for paid leave and affordable care as essential to future labor force participation.
MENTIONED IN THIS ARTICLE
U.S
Kaiser Permanente
Kaiser
America
Bureau of Labor Statistics
Trust
Patty Murray
D-Wash
Senate
Department of Health and Human Services
Germany
Murray
Why college sports matter in the U S higher education system
Tyler Cowen argues that college athletics intertwines mind and body, aiding recruitment, fundraising, and alumni loyalty while boosting former athletes’ earnings and leadership skills. He notes diverse sports correlate with higher pay and leadership, suggesting hands on experience can expand higher education’s value.
MENTIONED IN THIS ARTICLE
U.S
America
Also Mentioned on This Page
Aanias
Hestare
LZ Granderson
The
Los Angeles Times
Tyler Cowen
George Mason University