Browsing the "Subsidies" Tag

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

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 2011.

February 28th