IMF says global subsidies to fossil fuels amount to $1.9 trillion a year … and that’s probably an underestimate

IMF says global subsidies to fossil fuels amount to $1.9 trillion a year … and that’s probably an underestimate

by David Roberts

A new report [PDF] from the International Monetary Fund tries to tally up fossil fuel subsidies around the world and finds that they add up to an eye-popping $1.9 trillion a year. That’s 2.5 percent of global GDP!http://grist.org/climate-energy/imf-says-global-subsidies-to-fossil-fuels-amount-to-1-9-trillion-a-year-and-thats-probably-an-underestimate/?utm_source=syndication&utm_medium=rss&utm_campaign=feed