The report, titled "Energy Subsidies: Evolution in the Global Energy Transformation to 2050," by Michael Taylor, explores the evolution of energy subsidies globally from 2010 to 2050. The report notes that energy subsidies have been a significant factor in the global energy transition, but they are expected to decline significantly by 2050. The report also highlights the importance of transitioning to renewable energy sources, as subsidies for fossil fuels are expected to decline further. The report concludes that while the transition to renewable energy sources will require significant investment, the long-term benefits will outweigh the costs.
