All Categories

$11 Million Per Minute in Fossil Subsidies ‘Add Fuel to the Fire’, IMF Study Shows

The Energy Mix

The coal, oil, and gas industries received US$5.9 trillion in worldwide subsidies in 2020—a mind-bending $11.2 million per minute, every minute of every hour of every day in the year—the International Monetary Fund (IMF) revealed in an analysis released this week.

Read more