Study: U.S. Fossil Fuel Subsidies Exceed Pentagon Spending

General, Financial System - Rolling Stone - Key Takeaway: *...These subsidies are largely invisible to the public, and don’t appear in national budgets. But according the the IMF, the world spent $4.7 trillion — or 6.3 percent of global GDP — in 2015 to subsidize fossil fuel use, a figure it estimated rose to $5.2 trillion in 2017. China, which is heavily reliant on coal and has major air-pollution problems, was the largest subsidizer by far, at $1.4 trillion in 2015.*

Recente blogposts

Alles weergeven