Thursday, March 23, 2017

Global fossil-fuel subsidy calculated to be $1.8 trillion

Motherboard: "So what's the damage? It's pretty colossal. For the last year in his model, 2010, Stefanski found that the total global direct and indirect financial costs of all fossil fuel subsidies was $1.82 trillion, or 3.8 percent of global GDP. He also found that the subsidies meant much higher carbon emissions released into our atmosphere."

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