Fact of the Day

In 2013 the IMF found that when “post-tax” externalities like carbon emissions, effects on health and resource scarcity were considered, global subsidies of fossil fuels rose to “$1.9 trillion worldwide – the equivalent of 2.5 percent of global GDP, or 8 percent of government revenues.” 

Estimates for renewable subsidies top out at a comparably measly 88 billion dollars globally.

From here