IISD in the news

Can we say ‘no’ to fuel subsidies?

Not a single country in the world prices fossil fuels "fairly". The fossil fuel industry benefits from subsidies worldwide – $11m every minute. Subsidies on oil, gas and coal amounted to $5.9 trillion in 2020, which may go up to $6.4 trillion in 2025, estimates the International Monetary Fund.

January 15, 2022

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