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Government Fossil Fuel Subsidies Topped $1 Trillion In 2022

25 August 2023 Pakar PBN0Tagged Business, Energy development, Energy economics, Energy industry, Energy market, Energy subsidy, Environment, Environmental effects of transport in Australia, Finance, Fossil, Fossil fuel, Fossil fuel phase-out, Fossil fuel subsidies, Fuel, Government, Jalopnik, Obama, Renewable energy commercialization, Subsidies, Topped, Trillion

In 2022, global governments subsidized fossil fuels to the tune of $1.3 trillion, according to the International Monetary Fund. It seems member countries of the G20 just can’t wean themselves off oil and gas. So much for all the big promises made by the G20 back in 2009, when subsidies were reportedly going to be […]

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