Fossil fuels being subsidised at rate of $13m a minute, says IMF

Fossil fuels subsidies rise to $7 trillion despite the harrowing climate crisis

Fossil fuels subsidies are fueling a fire that burns the world, but weaning off them is not easy.

Government Fossil Fuel Subsidies Topped $1 Trillion In 2022

Governments around the world keep funneling public money into fossil fuels, including oil, gas and coal.

Fossil fuel subsidies surge to record $1.8 trillion despite government pledges to end them, IMF says

IMF found explicit subsidies alone have more than doubled from US$500 billion in 2020 to US$1.3 trillion in 2022. Read more at straitstimes.com.

Fossil fuel subsidies hit $1.3trillion despite government pledges to end them

Despite repeated government pledges to cut back on fossil fuel subsidies, a new report found such subsidies surged to a record $1.3 trillion last year. The post Fossil fuel subsidies hit $1.3trillion despite government pledges to end them appeared first on Energy Voice.

Global Fossil Fuel Subsidies Hit Record $7tn in 2022, Says IMF

Global fossil fuel subsidies were equivalent to 7.1% of GDP, surpassing spending on education, a new IMF report estimates.

The world feeds the climate crisis with public money: Fossil fuel subsidies amounted to $7 trillion in 2022

An analysis by the IMF warns that government financial aid for polluting energy sources continues to grow, and calls for its complete elimination