Read the full story in Pacific Standard.
It seems like common sense: If countries stopped offering tax breaks and other financial help to oil, coal, and gas companies, oil prices would go up, people would use less of these fossil fuels, and the volume of climate-warming greenhouse gases humanity emitted would go down. Environmental groups such as the Sierra Club and Greenpeace commonly call for an end to fossil-fuel subsidies. But how well does cutting subsidies really work? It depends on who does the cutting, a new study finds.