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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
Mackaj

So we give them staggering amounts of public money, to produce something they charge us an arm and a leg to buy, which we then burn, to produce by products that are slowly killing us!

It really is so f'd up 🤯

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🍉 –Hans Bot– 🙃

@mackaj It is indeed. And adding to this misery, they’re using part of this money to buy our politicians and to manipulate public opinion. They even write the laws to suppress peaceful protests, labelling protesters as terrorists.
Yet we stand firm.

anubis2814
@mackaj In the US, gas is half the cost of the rest of the world because of our subsidies. We need to stop that and give everyone an energy credit so they can offset the fuel of their own choice instead of oil, coal and gas getting all the insta-subsidies while renewable have to beg every year for more help. It would also actually show that coal is much more expensive than solar but thanks to subsidies the difference harder to see.
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