Fossil Fuel Criminals Received $5.9 Trillion In Subsidies in 2020, increasing emissions by a third – The Free

Coal, oil, and natural gas received $5.9 trillion in subsidies in 2020 — or roughly $11 million every minute — according to a new analysis from the International Monetary Fund.

“Underpricing leads to overconsumption of fossil fuels, which accelerates global warming and exacerbates domestic environmental problems including losses to human life from local air pollution and excessive and road congestion and accidents,” authors wrote.

Fossil Fuel Criminals Received $5.9 Trillion In Subsidies in 2020, increasing emissions by a third – The Free