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Consider the statements regarding global energy subsidies
1. U.S.A is the largest spender on energy subsidies while china stands at second place.
2. Energy subsidies exceed the estimated public health spending for the entire globe.
1. U.S.A is the largest spender on energy subsidies while china stands at second place.
2. Energy subsidies exceed the estimated public health spending for the entire globe.
Select the correct code:
- a)2 Only
- b)1 Only
- c)BOTH
- d)NONE
Correct answer is option 'A'. Can you explain this answer?
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Consider the statements regarding global energy subsidies1. U.S.A is t...
Read International Monetary Fund (IMF) recent report titled Act Local, Solve GlobalChina stands at first position.
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Consider the statements regarding global energy subsidies1. U.S.A is t...
Global Energy Subsidies: Explanation of the statements and correct option
Energy subsidies refer to the financial support provided by governments to the energy sector. These subsidies can be in the form of tax exemptions, direct financial assistance, or price controls. Energy subsidies are a controversial issue globally as they have several negative impacts on the environment, economy, and society. In this context, let's understand the given statements.
Statement 1: U.S.A is the largest spender on energy subsidies while China stands at second place.
This statement is correct. According to the International Energy Agency (IEA), the United States had the highest energy subsidies in absolute terms in 2019, amounting to $649 billion. China was the second-largest spender with $326 billion, followed by the European Union with $166 billion. Other countries like India, Russia, and Japan also had significant energy subsidies. These subsidies are often criticized for promoting the use of fossil fuels and hindering the growth of clean energy sources.
Statement 2: Energy subsidies exceed the estimated public health spending for the entire globe.
This statement is incorrect. While energy subsidies are significant, they do not exceed the estimated public health spending for the entire globe. According to the World Health Organization (WHO), global health expenditure was estimated to be around $7.8 trillion in 2020. This includes spending on primary health care, hospital services, and medicines. In comparison, energy subsidies were estimated to be around $400 billion in 2018, according to the International Monetary Fund (IMF). While this is a significant amount, it is still much lower than global health spending.
Correct Option: A) 2 Only
In summary, energy subsidies are a controversial issue globally, with the United States being the largest spender on them. However, they do not exceed the estimated public health spending for the entire globe.
Energy subsidies refer to the financial support provided by governments to the energy sector. These subsidies can be in the form of tax exemptions, direct financial assistance, or price controls. Energy subsidies are a controversial issue globally as they have several negative impacts on the environment, economy, and society. In this context, let's understand the given statements.
Statement 1: U.S.A is the largest spender on energy subsidies while China stands at second place.
This statement is correct. According to the International Energy Agency (IEA), the United States had the highest energy subsidies in absolute terms in 2019, amounting to $649 billion. China was the second-largest spender with $326 billion, followed by the European Union with $166 billion. Other countries like India, Russia, and Japan also had significant energy subsidies. These subsidies are often criticized for promoting the use of fossil fuels and hindering the growth of clean energy sources.
Statement 2: Energy subsidies exceed the estimated public health spending for the entire globe.
This statement is incorrect. While energy subsidies are significant, they do not exceed the estimated public health spending for the entire globe. According to the World Health Organization (WHO), global health expenditure was estimated to be around $7.8 trillion in 2020. This includes spending on primary health care, hospital services, and medicines. In comparison, energy subsidies were estimated to be around $400 billion in 2018, according to the International Monetary Fund (IMF). While this is a significant amount, it is still much lower than global health spending.
Correct Option: A) 2 Only
In summary, energy subsidies are a controversial issue globally, with the United States being the largest spender on them. However, they do not exceed the estimated public health spending for the entire globe.
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Consider the statements regarding global energy subsidies1. U.S.A is the largest spender on energy subsidies while china stands at second place.2. Energy subsidies exceed the estimated public health spending for the entire globe.Select the correct code:a)2 Onlyb)1 Onlyc)BOTHd)NONECorrect answer is option 'A'. Can you explain this answer?
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Consider the statements regarding global energy subsidies1. U.S.A is the largest spender on energy subsidies while china stands at second place.2. Energy subsidies exceed the estimated public health spending for the entire globe.Select the correct code:a)2 Onlyb)1 Onlyc)BOTHd)NONECorrect answer is option 'A'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the statements regarding global energy subsidies1. U.S.A is the largest spender on energy subsidies while china stands at second place.2. Energy subsidies exceed the estimated public health spending for the entire globe.Select the correct code:a)2 Onlyb)1 Onlyc)BOTHd)NONECorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the statements regarding global energy subsidies1. U.S.A is the largest spender on energy subsidies while china stands at second place.2. Energy subsidies exceed the estimated public health spending for the entire globe.Select the correct code:a)2 Onlyb)1 Onlyc)BOTHd)NONECorrect answer is option 'A'. Can you explain this answer?.
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