Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Wednesday, September 11, 2013

Fossil Fuel Burden on State Coffers


Fossil Fuel Burden on State Coffers

Nations are weighing phaseout of fossil-fuel subsidies, a growing fiscal burden that ratchets up carbon dioxide emissions by encouraging wasteful oil, natural gas, and coal consumption. The largest subsidies are in developing countries, which spend more than $400 billion annually shielding their populations from high fuel prices. But oil industry tax breaks and other government measures in developed nations also subsidize fossil fuels, to the tune of $45 billion to $75 billion per year. http://environment.nationalgeographic.com/environment/energy/great-energy-challenge/global-energy-subsidies-map/

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