How affordable commodities fuel climate change
How affordable commodities fuel climate change

How affordable commodities fuel climate change

Rupa Karki

5 min
Business & Finance
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Description

<p>Globally, governments subsidise things like fuel for general consumption and fertiliser for agricultural use. They do it so that the steep price rises don’t make it hard for people to buy these commodities. Economies, especially developing ones like ours thrive on this after all. But a couple of days ago, the <a href="https://acrobat.adobe.com/link/review?uri=urn:aaid:scds:US:56cf8fae-f875-3149-9a87-62051337d69f">World Bank</a> suggested that if governments stop spending trillions of dollars in subsidies, it could actually help fight climate change. So in today’s episode for 20th June 2023, we talk about the practicality of this premise. </p>

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