atomicker on Nostr: IMF: global explicit & implicit subsidies for the fossil fuel industry reached a ...

IMF: global explicit & implicit subsidies for the fossil fuel industry reached a record $7 trillion in 2022.

That’s more than governments spend annually on education & about two thirds of what they spend on healthcare.

"… scrapping explicit and implicit fossil-fuel subsidies would prevent 1.6 million premature deaths annually, raise government revenues by $4.4 trillion, and put emissions on track toward reaching global warming targets."

https://www.imf.org/en/blogs/articles/2023/08/24/fossil-fuel-subsidies-surged-to-record-7-trillion

#Canada #CDNPoli #ClimateCrisis #NoPipelines