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A new International Monetary Fund (IMF) study shows that USD.2 trillion was spent globally on fossil fuel subsidies in 2017. The equivalent of over 6.5% of global GDP of that year, it also represented a half-trillion dollar increase since 2015 when China (.4 trillion), the United States (9 billion) and Russia (1 billion) were the largest subsidizers Forbes James Ellsmoor - United States Spend Ten Times More On Fossil Fuel Subsidies Than Education
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A new International Monetary Fund (IMF) study shows that USD$5.2 trillion was spent globally on fossil fuel subsidies in 2017. The equivalent of over 6.5% of global GDP of that year, it also represented a half-trillion dollar increase since 2015 when China ($1.4 trillion), the United States ($649 billion) and Russia ($551 billion) were the largest subsidizersA new International Monetary Fund (IMF) study shows that USD.2 trillion was spent globally on fossil fuel subsidies in 2017. The equivalent of over 6.5% of global GDP of that year, it also represented a half-trillion dollar increase since 2015 when China (.4 trillion), the United States (9 billion) and Russia (1 billion) were the largest subsidizers Forbes James Ellsmoor - United States Spend Ten Times More On Fossil Fuel Subsidies Than Education
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James Ellsmoor - United States Spend Ten Times More On Fossil Fuel Subsidies Than Education