IEA: Fossil fuel consumption subsidies topped $1tr in 2022

clock • 4 min read
IEA: Fossil fuel consumption subsidies topped $1tr in 2022

New estimates from the International Energy Agency confirm fossil fuel consumption subsidies broke records last year, despite repeated promises from governments to phase out inefficient subsidies

Global fossil fuel consumption subsidies soared to record highs in 2022, exceeding $1tr for the first time according to new analysis from the International Energy Agency (IEA). The think tanks said...

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