How much subsidies do fossil fuels receive?
Published January 27, 2025
Description
If we want to tackle climate change, we need to move away from fossil fuels to low-carbon energy sources. This transition is a lot easier if these cleaner sources are cheaper than fossil fuels.
However, fossil fuels are often subsidized, reducing the short-term economic incentives to switch.
In this article, I explain the scale of fossil fuel subsidies and where these numbers come from.
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