Fossil fuel subsidies (USD, billions):
Fossil fuel subsidies with externalities (% of GDP):
Fossil fuel subsidies persist despite the climate crisis. They distort the energy market by keeping fossil fuel prices artificially low. Removing these subsidies must be accompanied by social programmes that will reduce the impact on the poorest household.
Pacific Islands called for a price on shipping pollution, tepid support from European nations
This report by the Overseas Development Institute (ODI) reviews subsidies to coal in 10 countries that produce 84% of Europe’s energy-related greenhouse gas emissions: France,
The OECD-IEA Inventory of Support Measures for Fossil Fuels provides updated fossil fuel support data for 34 OECD member countries and six partner countries, including