Global Fossil Fuel Subsidies Rise to $7 Trillion in 2022, Exacerbating Climate Crisis
Global Fossil Fuel Subsidies Rise to $7 Trillion in 2022, Exacerbating Climate Crisis
Putting the spotlight on the role of fossil fuel subsidies in exacerbating the climate crisis, a damning analysis by the International Monetary Fund (IMF) has said total fossil fuel subsidies...
The IMF report said that explicit subsidites have more than doubled since its previous assessment, from $0.5 trillion to $1.3 trillion in 2022.
It's a bold strategy Cotton, let's see if it pays off for them
You're viewing a single thread.
If you liked that, you're going to love this. It's almost exactly the price tag to switch - completely - to renewables.
https://e360.yale.edu/digest/the-global-price-tag-for-100-percent-renewable-energy-73-trillion
I know, I know, many studies, many different amounts, but come on! Let's try!
7 trillion is not 73 trillion.
Edit: Just saw the 7.8 trillion figure for the US to switch to 100% renewables by 2050. That’s a long time to wait.
It would be even less if we created a carbon tax