Climate

Fossil fuel subsidies are the ‘worst energy policy in the world,’ researchers say

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 25/09/2026, 05:54:24 UTC.

Briefings

Researchers Paasha Mahdavi and Michael Ross from UC Santa Barbara and UCLA argue that creating consumer fossil fuel subsidies is the 'worst energy policy in the world.' They cite a Science editorial and note that among 130 subsidy reforms attempted in 21 major subsidizers between 2016 and 2023, 70% collapsed within a year, with over 90% gone within three years. While Mexico's 2017 reform is cited as an exception, Ross states no subsidy reform has successfully been widely applied. The evidence covers the 2016-2023 period and is limited to the authors' observations and cited reports.

Key points

• Researchers Paasha Mahdavi and Michael Ross from UC Santa Barbara and UCLA argue that creating consumer fossil fuel subsidies is the 'worst energy policy in the world.'
• Among 130 subsidy reforms attempted in 21 major subsidizers between 2016 and 2023, 70% collapsed within a year, with over 90% gone within three years.

Context and limitations

Evidence covers the 2016-2023 period and is limited to the authors' observations and cited reports; no independent verification of the 70% collapse rate or the 90% removal rate is provided.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 25/09/2026, 05:55:53 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

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