Browsing the "Subsidies" Tag

The Energy Game is Rigged: Fossil Fuel Subsidies Topped $620 Billion in 2011

February 28th, 2013 | by Earth Policy Institute

The energy game is rigged in favor of fossil fuels because we omit the environmental and health costs of burning coal, oil, and natural gas from their prices. Subsidies manipulate the game even further. According to conservative estimates from the Global Subsidies Initiative and the International Energy Agency (IEA), governments around the world spent more than $620 billion to subsidize fossil fuel energy in


Governments Spend $1.4 Billion Per Day to Destabilize Climate

January 19th, 2012 | by Earth Policy Institute

We distort reality when we omit the health and environmental costs associated with burning fossil fuels from their prices. When governments actually subsidize their use, they take the distortion even further. Worldwide, direct fossil fuel subsidies added up to roughly $500 billion in 2010.



Back to Top ↑