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Mackaj

According to the International Monetary Fund (IMF) $7,000,000,000,000 were spent on direct and indirect subsidies for fossil fuels in 2022.

Government support for fossil fuels is equivalent to just over 7% of our planet's entire economic output.

By comparison, global education spending accounts for 4.3% of all GDP.

Cutting it could prevent 1.6M premature deaths per year and increase government revenues by $4.4 trillion.

statista.com/chart/31016/volum

Statista Daily DataInfographic: Fossil Fuel Subsidies on the RiseThis chart shows the volume of global fossil fuel subsidies from 2015 to 2022.
#climatechange#fossilfuels#energytransition
Nov 19, 2023, 08:04 PM·Public·Web
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