Mmastodon EnvironmentClimate first seen 1 d ago, last 1 d ago, peak #7
Countries spent $6.2 trillion on fossil fuel subsidies since 2016
Original: “Meanwhile, countries spent a staggering $6.2 trillion on explicit fossil fuel subsidies between 2016 and 2024 (and ten
New figures show governments spent a staggering $6.2 trillion on explicit fossil fuel subsidies between 2016 and 2024. Including the economic value of harm to people, nature and health, the total is estimated at ten times higher. In 2024 alone, ten countries spent more on these subsidies than on other priorities, prompting criticism that public money continues to prop up the fossil fuel economy despite climate commitments.
Why now: The trillion-dollar scale of ongoing fossil fuel subsidies clashes with climate pledges, making it a timely talking point.
fossil fuel subsidiesIMFgovernmentsclimate policy
Evidence
- “Meanwhile, countries spent a staggering $6.2 trillion on explicit fossil fuel subsidies between 2016 and 2024 (and ten times that, when you include the economic value of all the harm to people, nature, and health they’re causing). In 2024 alone, ten countries spent more on… · cwgrody@mastodon.sdf.org · 8
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