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Much of the global economy depends upon large-scale government intervention in the form of subsidies, both direct and indirect, to support specific industries or economic sectors. Distressingly, many of these subsidies can be characterized as "perverse" -- rather than helping society achieve a desired goal, they work in the opposite direction, causing damage to both our economies and our environments.In Perverse Subsidies, leading environmenta...

Much of the global economy depends on large scale government intervention in the form of subsidies, many of which are "perverse" in that they damage economies and environments. This study offers a view of subsidies world-wide with focus on the extent, causes and consequences of perverse subsidies.