Fossil fuel companies receive US$ 5 trillion in subsidies annually, equivalent to over 6% of global GDP. The International Monetary Fund (IMF), which calculated the size of the subsidies, explained that without them global deaths from air pollution would fall by nearly half and total carbon emissions would drop by almost 30%. Those reductions mean nearly four million fewer deaths and over ten billion fewer tons of CO2 each year.
To read the full article, refer to the Forbes website.
