this post was submitted on 12 Sep 2023
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Global Fossil Fuel Subsidies Rise to $7 Trillion in 2022, Exacerbating Climate Crisis (www.mercomindia.com)
submitted 1 year ago by lntl@lemmy.ml to c/worldnews@lemmy.ml
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The IMF report said that explicit subsidites have more than doubled since its previous assessment, from $0.5 trillion to $1.3 trillion in 2022.

It's a bold strategy Cotton, let's see if it pays off for them

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[–] Markimus@lemmy.world 9 points 1 year ago* (last edited 1 year ago)

7 trillion is not 73 trillion.

Edit: Just saw the 7.8 trillion figure for the US to switch to 100% renewables by 2050. That’s a long time to wait.