Western climate subsidies risk hitting emerging markets: IMF

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Davos, Switzerland (AFP) Jan 20, 2023
The head of the IMF warned Friday that Western subsidies to combat climate change and encourage the transition to clean energy sources risked hitting the economies of the developing world. The United States under President Joe Biden has passed the Inflation Reduction Act (IRA) which contains sweeping subsidies and tax cuts worth around $370 billion for reducing greenhouse gas emissions, maki This article was originally published by Solardaily.com. Read the original article here.

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