FOSSIL VS RENEWABLES SUBSIDIES
RECHARGE - 2 September 2020 - The global fossil fuel sector enjoyed annual subsidy support worth $3.1 trillion, a "staggering" 20 times the level the world's governments offered renewables, according to one of the first major efforts to put an accurate figure on the gap between the two.
The massive total, covering direct and indirect subsidies in 2017, was arrived at after 18 months of number-crunching by the International Renewable Energy Agency (Irena) in an attempt to accurately quantify enduring subsidies for polluting energy sources that have long been condemned as a scandal by climate campaigners.
Log in to read the publication.
An authorized user gets access to four FREE publications per month.
You can also buy a full access to all publications of the site since January 2014.