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Fossil Fuel Subsidies Are A Staggering $5 Tn Per Year

Fossil Fuel Subsidies Are A Staggering $5 Tn Per Year
Above Photo: In this photo taken on November 19, 2015, smoke belches from a coal-fired power station near Datong, in China’s northern Shanxi province. Photograph: Greg Baker/AFP/Getty Images A new study finds 6.5% of global GDP goes to subsidizing dirty fossil fuels Fossil fuels have two major problems that paint a dim picture for their future energy dominance. These problems are inter-related but still should be discussed separately. First, ... Read more