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Fossil fuel subsidies cost ~$2 Trillion annually, according to IMF
2014-05-02 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Clean Technica: Science informs us about the environmental cost of our global fossil fuel habit the IPCC recently reported that CO2 emissions from fossil fuel combustion and industrial processes contributed around 78 per cent of the total increase in greenhouse gas emissions between 1970 and 2010 but what about the economic cost? As has been noted here before, the combined value of global fossil fuel subsidies can be difficult to calculate, with recent estimates ranging from $500 billion to $1.9 trillion....
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Category:Electronics and Electrical
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