info@evworld.com

Photo Credit:Fair Use [17 U.S.C. § 107]

Fossil Fuel Subsidies Surged to Record $7 Trillion in 2022

24 Aug 2023 | Abstracted from IMF

"...subsidies for oil, coal and natural gas are costing the equivalent of 7.1 percent of global gross domestic product. That’s more than governments spend annually on education...and about two thirds of what they spend on healthcare

"...consumers did not pay for over $5 trillion of environmental costs last year...scrapping explicit and implicit fossil-fuel subsidies would prevent 1.6 million premature deaths annually, raise government revenues



PREVIOUS NEXT

    ADDITIONAL RELATED NEWS LINKS

    RSStream

  • Elon Musk Is So Unpopular, He May Be Hurting the Entire EV Industry[101780]
    Category:mobility
    Region:NoAmerica
    Date:30 Jul 2025

  • Trump slaps universal 50% tariff on copper imports; metal's price plunges[101779]
    Category:finance
    Region:NoAmerica
    Date:30 Jul 2025

  • Peak Energy just shipped the US's first grid-scale sodium-ion battery[101778]
    Category:energy
    Region:NoAmerica
    Date:30 Jul 2025

  • Tesla is about to lose the $7,500 EV tax credit – again – and this time the cliff is a lot steeper[101777]
    Category:finance
    Region:NoAmerica
    Date:30 Jul 2025

  • A New Nissan Ariya For $31,000?[101776]
    Category:finance
    Region:AsiaPacific
    Date:30 Jul 2025

  • Would You Buy a Bare-Bones Tesla for $36K? Elon Musk Is Betting You Will.[101775]
    Category:finance
    Region:NoAmerica
    Date:30 Jul 2025

  • Mary Kay Unveils Electric Pink Cadillac: A Bold Step for the Beauty Brand[101774]
    Category:mobility
    Region:NoAmerica
    Date:30 Jul 2025

  • See Every Angle of the 2026 Cadillac Lyriq-V[101773]
    Category:mobility
    Region:NoAmerica
    Date:30 Jul 2025

  • Drone maker DJI's electric bikes launch today in the US[101772]
    Category:mobility
    Region:AsiaPacific
    Date:30 Jul 2025

  • Crawling It All Back: How DC D.I.C. Rocked EV Charging Startups[101771]
    Category:policy
    Region:NoAmerica
    Date:30 Jul 2025


  • 5360428

    Get In Touch

    Papillion, Nebraska, USA

    info@evworld.com

    SUPPORT EVWORLD

    Become a patron and help spread the good news of the world of electric vehicles.

    Newsletter

    Not yet ready for primetime.

    © EVWORLD.COM. All Rights Reserved. Design by HTML Codex