Global Fossil Fuel Subsidies Surged to Record $7 Trillion in 2022, the IMF says
Global Fossil Fuel Subsidies Surged to Record $7 Trillion in 2022, the IMF says
www.imf.org Fossil Fuel Subsidies Surged to Record $7 Trillion
Scaling back subsidies would reduce air pollution, generate revenue, and make a major contribution to slowing climate change
As the world struggles to restrict global warming to 1.5 degrees Celsius and parts of Asia, Europe and the United States swelter in extreme heat, subsidies for oil, coal and natural gas are costing the equivalent of 7.1 percent of global gross domestic product. That’s more than governments spend annually on education (4.3 percent of global income) and about two thirds of what they spend on healthcare (10.9 percent).
2
comments
Pretty disgusting
I know I'm angry. Anybody believes that representative democracy exist needs to be shown this number.