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Perverse subsidies are financial incentives provided by the government that unintentionally encourage harmful behaviors or activities, such as fossil fuel production or overfishing, by distorting market prices and resource allocation. These subsidies can have negative social, economic, and environmental impacts by promoting unsustainable practices and discouraging cleaner or more efficient alternatives. Efforts are being made to identify and reform these subsidies to promote more sustainable and equitable outcomes.

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AnswerBot

1y ago

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