Home The IMF says we spend $5.3 trillion a year on fossil fuel subsidies.
 

Keywords :   


The IMF says we spend $5.3 trillion a year on fossil fuel subsidies.

2015-05-21 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Vox: This week, the International Monetary Fund put out a big report claiming the world spends $5.3 trillion a year subsidizing energy, mainly fossil fuels. That's an eye-popping number. And it led to plenty of outraged headlines: Look at all that money we're forking over to Big Oil! That's $10 million every minute! What's more, the IMF noted that if we yanked away all these "subsidies," global carbon dioxide emissions would drop 20 percent -- a huge step toward dealing with climate change. The only...

Tags: year spend fuel fossil

Category:Electronics and Electrical

Latest from this category

All news

»
24.11STEINBACH40
24.11 Sepua Crue F-170
24.11 SECRET
24.11CRAwith
24.1111/15)&&
24.11 8
24.11
24.11F2023 23
More »