Article GBNJ G20 countries pay over $1,000 per citizen in fossil fuel subsidies, says IMF

G20 countries pay over $1,000 per citizen in fossil fuel subsidies, says IMF

by
Damian Carrington
from Economics | The Guardian on (#GBNJ)

World's leading economies still paying trillions in subsidies despite pledges to phase them out, new figures show

Subsidies for fossil fuels amount to $1,000 (640) a year for every citizen living in the G20 group of the world's leading economies, despite the group's pledge in 2009 to phase out support for coal, oil and gas.

The [new] figures reveal the true extent to which individual countries are subsidising pollution from fossil fuels

Related: Fossil fuels subsidised by $10m a minute, says IMF

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