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The International Monetary Fund released a draft report on how much governments subsidize fossil fuels, both extraction and remediation. The new number is $5.3T, $5,300,000,000,000 per year. That’s more than all the health care in the world. That’s $10,000,000 per minute. That’s far more than the renewable energies receive. The article suggests a carbon tax. This is at least a justification for first stopping the pre-extraction subsidies.

(Click on the photo for the article.)

"How Much Does The World Spend To Subsidize Fossil Fuels" - Grist

“How Much Does The World Spend To Subsidize Fossil Fuels” – Grist

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2 thoughts on “Fossil Fuel Subsidies

  1. Pingback: Fossil Fuel Subsidies | Pretending Not To Panic | WORLD ORGANIC NEWS

  2. Pingback: Data That Matters June 2015 | Pretending Not To Panic

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