By Will Hickey* | IDN-InDepth NewsAnalysis
DAEJEON (IDN) – One reason behind greater pollution leading to global warming has been artificially lowered gas prices brought by subsidies. Governments have carried on this shortsighted policy to foster growth and satisfy consumers. But as world fuel prices begin rising again, the costs of subsidy – both budgetary and environmental – will come to the fore. While the much-talked-about carbon tax remains unpopular with consumers, curbing producer subsidies that encourage fossil fuel consumption could be a more effective way to fight environmental challenges.