Fossil Fuel Subsidies

According to the IMF, fossil fuel subsidies cost us all approximately $2,000,000,000,000 (that’s two trillion dollars U.S.) per year.
The combined value of global fossil fuel subsidies can be difficult to calculate, with recent estimates ranging from $500 billion to $1.9 trillion. But according to the International Monetary Fund, when you factor in implicit subsidies from the failure to charge for pollution, climate change and other externalities, the post-tax cost comes in at closer to $2 trillion – equivalent to about 2.9 per cent of global GDP, or 8.5 per cent of government revenues. …
 
According to the IMF, simply removing fossil fuel subsidies could lead to a 13 per cent decline in CO2 emissions. …
 
One of the major recommendations of the experts heading up the Kenya conference is for governments to use policy to leverage private investment in green sectors by redirecting public investments to clean technologies and providing direct public expenditure for research and development. …

Fossil Fuel Subsidies Cost ~$2 Trillion Annually, According To IMF

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About arnulfo

veterano del ciberespacio
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