Post Tagged with: "fossil fuel subsidies"

5.9 $trillion spent by governments on fossil fuel subsidies in 2020

5.9 $trillion spent by governments on fossil fuel subsidies in 2020

As indicated by the International Monetary fund, greenhouse gas emissions are funded world-wide by government subsidies totaling $5.9 trillion in 2020, about 6.8% global GDP, expected to rise to 7.4% of GDP in 2025, or $11million a minute. In the view of some scientists fuel subsidies are ‘adding fuel to the fire of the climate crisis’. Hollow words by dignitaries at COP-out-26 may have[Read More…]

by 13/12/2021 Comments are Disabled Uncategorized