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Thomas Hale

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Subsidy Phase-Out and Reform Catalyst Bonds Report

Subsidy Phase-Out and Reform Catalyst Bonds

Governments spend more money on subsidies for fossil fuels than on efforts to fight climate change. But a new financial instrument—subsidy phase-out and reform catalyst, or SPARC, bonds—gives governments a way to tackle the tough politics of subsidy reform by leveraging billions from private investors.

Thomas Hale, Pete Ogden