Globally, subsidies for fossil fuels may be on the order of US$ 600 billion per year, of which the Global Sustainable Initiative (GSI) estimates about US$ 100 billion is provided to producers. Nobody knows the real number, however, because there is no international framework for regularly monitoring fossil-fuel subsidies.
Thursday, February 23, 2012
Worldwide Fossil Fuels Subsidies = $600B Annually
Holy Cow! Worldwide Fossil Fuels Subsidies = $600B Annually
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