{"id":407513,"date":"2021-03-27T09:42:26","date_gmt":"2021-03-27T04:12:26","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=407513"},"modified":"2021-03-27T11:03:42","modified_gmt":"2021-03-27T05:33:42","slug":"addicted-to-cheap-fuel-emerging-markets-like-india-brazil-face-a-climate-dilemma","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/addicted-to-cheap-fuel-emerging-markets-like-india-brazil-face-a-climate-dilemma\/","title":{"rendered":"Addicted to cheap fuel, emerging markets like India, Brazil face a climate dilemma"},"content":{"rendered":"<p>Rising oil prices are testing the developing world\u2019s resolve to quit fossil fuels. The president of Brazil has fired the chief of the country\u2019s largest oil producer &#8212; inadvertently sending its currency, bonds and stocks plunging &#8212; in a bid to keep diesel prices from spiking. Nigeria\u2019s dependence on low-cost gasoline threatens to scupper a year-long effort to phase out fuel subsidies. Peru and Mexico are reversing fossil fuel taxes as oil prices rise and families struggle to make ends meet, and India is under pressure to do so.<\/p>\n<p>Around the world, countries spend a staggering $300 billion a year to keep a lid on fossil-fuel prices, stave off civil unrest and prop up their economies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rising oil prices are testing the developing world\u2019s resolve to quit fossil fuels. The president of Brazil has fired the chief of the country\u2019s largest oil producer &#8212; inadvertently sending its currency, bonds and stocks plunging &#8212; in a bid to keep diesel prices from spiking. Nigeria\u2019s dependence on low-cost gasoline threatens to scupper a year-long effort to phase out fuel subsidies. Peru and Mexico are reversing fossil fuel taxes as oil prices rise and families struggle to make ends meet, and India is under pressure to do so. Around the world, countries spend a staggering $300 billion a year [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-407513","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/407513","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=407513"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/407513\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=407513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=407513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=407513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}