Please log in or register. Registered visitors get fewer ads.
Forum index | Previous Thread | Next thread
Fossil fuels being subsidised at rate of $13m a minute, says IMF 17:40 - Aug 24 with 411 viewsNthQldITFC

Make no mistake, we are a suicidal species heading for Armageddon unless we change our basic ways of thinking and being.

'Fossil fuels benefited from record subsidies of $13m (£10.3m) a minute in 2022, according to the International Monetary Fund, despite being the primary cause of the climate crisis.

The IMF analysis found the total subsidies for oil, gas and coal in 2022 were $7tn (£5.5tn). That is equivalent to 7% of global GDP and almost double what the world spends on education. Countries have pledged to phase out subsidies for years to ensure the price of fossil fuels reflects their true environmental costs, but have achieved little to date.
'

https://www.theguardian.com/environment/2023/aug/24/fossil-fuel-subsidies-imf-re

⚔ Long live the Duke of Punuar ⚔
Poll: How would you feel about a UK Identity Card?

-1




About Us Contact Us Terms & Conditions Privacy Cookies Online Safety Advertising
© TWTD 1995-2025