The best of EcoWatch, right in your inbox. Sign up for our email newsletter!
What Does $1 Trillion in Fossil Fuel Subsidies Look Like?
Recently we wrote about calling on governments to end global fossil fuel subsidies. Well, here’s yet another compelling reason why. In the graphic below you can see that according to Oil Change International analysis, governments around the world are spending perhaps more than $1 trillion USD combined per year subsidizing the fossil fuel industry.
But what makes it even worse is that governments aren’t willing to own up to the fact that this is the case. That’s a lot of money to be wasting and hiding, and it could be put to better use for education, hunger, poverty, renewable energy and many many other far-more valid uses. It’s time for governments to own up to the truth and come clean on the billions being thrown away to a dirty industry. Check out more below:
Learn more about fossil fuel subsidies on our international fossil fuel subsidies page, and join us and a large number of partners on June 18 as we storm twitter to call for governments to #endfossilfuelsubsidies.
EcoWatch Daily Newsletter
By Paul Brown
When countries run short of food, they need to find solutions fast, and one answer can be urban farming.
By Lakshmi Magon
This year, three studies showed that humor is useful for engaging the public about climate change. The studies, published in The Journal of Science Communication, Comedy Studies and Science Communication, added to the growing wave of scientists, entertainers and politicians who agree.
By Tara Lohan
If I were to open my refrigerator, the origins of most of the food wouldn't be too much of a mystery — the milk, cheese and produce all come from relatively nearby farms. I can tell from the labels on other packaged goods if they're fair trade, non-GMO or organic.
By Mark Hertsgaard and Kyle Pope
Some good news, for a change, about climate change: When hundreds of newsrooms focus their attention on the climate crisis, all at the same time, the public conversation about the problem gets better: more prominent, more informative, more urgent.