Fossil Fuel Subsidies Are Five Times More Than Subsidies To Renewables

image courtesy of Filippo Minelli / flickr CC BY-NC-ND 2.0

image courtesy of Filippo Minelli / flickr CC BY-NC-ND 2.0

It seems like nonsense, yet it appears to be true! In 2013 the International Energy Agency reported its latest world energy subsidy totals. The agency observed that fossil fuels were supported by subsidies that amounted to $544 billion in 2012, up about 34% from 2010 and about five times more than subsidies to renewables.<1>


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The Details

If you would like to dive into the details about world energy subsidies, there is an extensive discussion from the International Monetary Fund at

Categories: Huge Changes

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