One Wondrous Sentence: Fossil fuel subsidies

December 7, 2012

This one wondrous sentence, relaying information from a recent International Energy Agency report, shows just how much various governments subsidize fossil fuels — and consequently hints at how difficult it could be to stop using them.

In 2011, such subsidies amounted to $523 billion globally, says the IEA, up almost 30% from 2010 and six times greater than subsidies for renewable energy.

Source: Michael Klare, “World Energy Report 2012: The Good, the Bad, and the Really, Truly Ugly,” TomDispatch.com, Nov. 27, 2012.

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