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

'Criminally Insane': Subsidies That Harm the Environment Reach $2.6 Trillion Per Year

19 Sep 2024 | Abstracted from Common Dreams

"...the research group Earth Track...found that harmful fossil fuel subsidies top $1 trillion annually and harmful agricultural subsidies top $600 billion...The $2.6 trillion total, which the report authors said was likely an underestimate...International Monetary Fund working paper last year estimated that fossil fuel subsidies alone amount to $7 trillion annually.

"It is the combined effect of subsidies to these sectors that compound to drive loss of nature and biodiversity resources."

ADDITIONAL RELATED NEWS LINKS

• Kristof: The Climate Peril That America Keeps On Overlooking


• How Kamala Harris Is Making Climate Action Patriotic


• How To Change People's Minds About Climate Change: What The Science Says


• What Climate Policies Work Best? A New Study Has Answers


• 'Massive Disinformation Campaign' Funded by Big Oil Is Slowing Global Transition To Green Energy


• Survey Reveals Mixed Expectations For EV Adoption And Climate Change Optimism


• Your Local Car Dealer May Have This "Shocking" Opinion About EVs


• Taking The Climate Killers To Court


• The Lost History Of What Americans Knew About Climate Change In The 1960s


• From Skiing To Disaster Relief: Inside Biden-Harris Administration's Green Legacy Job Boom