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