IMF Calls for Reform on Subsidies for Fossil Fuels


I never know what to make of the frequent references I come across to the International Monetary Fund. Who exactly are these mysterious and terribly powerful people? How do they work? What are their true motivations?

In any case, they most certainly get some points for being on the right side of this “subsidies for fossil fuels” issue. In fact, if this article is an accurate depiction of their stance on the subject, they’ve nailed it exactly: the world’s attempt to make gasoline artificially cheap is ruining the planet, by encouraging its use, as well as by destroying any viable process for the development of alternative sources of energy.

The IMF calls for “reforms.” I second that.

About Author

Walter’s contributions to CleanTechies over the past 4 years have been instrumental in growing the publications social media channels via his ongoing editorial and data driven strategies. He is the founder and managing director of Sunflower Tax, a renewable energy tax and finance consultancy based in San Diego, California. Active in the San Diego clean technology community, participating in events sponsored by CleanTech San Diego, EcoTopics, and Cleantech Open San Diego, Walter has also been a presenter at numerous California Center for Sustainability (CCSE) programs. He currently serves as an adjunct professor at the University of San Diego School of Law where he teaches a course on energy taxation and policy.

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