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How much does the world spend to subsidize fossil fuels? The IMF wants to know

2015-06-15 10:03:00| Climate Ark Climate Change & Global Warming Newsfeed

Grist: The folks at the IMF yes, that great Satan of the 90s just released a working paper on how much we all pay to subsidize fossil fuels like oil, gas, and coal. Seriously. All the humans currently on this planet. They tallied up what we pay to help energy companies get fossil fuels out of the ground. The technical term for that is pre-tax subsidies. Then they tallied up what we pay out for traffic accidents, and the health bills for those people whose pink little lungs are affected by air...

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