Why do so many countries keep subsidizing gasoline?
Update: 2024-09-27
Description
Despite promising to reduce greenhouse gas emissions in the 2015 Paris Agreement, many governments maintain low gasoline taxes or even allow citizens to buy gasoline below market prices. UCLA professor Michael Ross explains why it has proven to be so hard to move away from gasoline subsidies and, more generally, why price-based fossil fuel policies are often politically unsustainable.
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