Americas > Latam subsidy scramble puts low carbon transition at risk, warn ex-ministers

Latam subsidy scramble puts low carbon transition at risk, warn ex-ministers

Published 21:38 on March 30, 2022  /  Last updated at 21:38 on March 30, 2022  / /  Americas, Carbon Taxes, International, South & Central

Latin American governments are artificially lowering fuel prices for consumers in response to the energy crisis linked to the Ukraine invasion, former finance ministers told a panel on Wednesday, noting that these subsidies are likely to harm the region's progress towards climate goals.
Latin American governments are artificially lowering fuel prices for consumers in response to the energy crisis linked to the Ukraine invasion, former finance ministers told a panel on Wednesday, noting that these subsidies are likely to harm the region's progress towards climate goals.


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