That’s about $112 for each adult in the world.\u00a0\u00a0 It’s a lot of money for any industry.\u00a0 It’s a huge commitment of resources for a sunset industry.\u00a0 Subsidies must be eliminated.<\/p>\n
The Overseas Development Institute (ODI) report<\/a> notes that “these subsidies outweigh the support provided to fast-start climate finance by a ratio of 7:1”.\u00a0 That mismatch smacks of corruption, which shouldn’t surprise anyone but will, since we think of the big energy companies are at least legal, if not ethical.<\/p>\n It is sad that we continue to subsidise industrial development that promotes climate change and biosphere degradation when everyone, especially policy makers, knows that humanity needs and wants to clean up.<\/p>\n The ODI report recommends phasing out subsidies by 2025.\u00a0 That is too late.<\/p>\n SocialFunds.com: Fossil Fuel Subsidies Average $112 per Adult <\/a><\/p>\n","protected":false},"excerpt":{"rendered":" That’s about $112 for each adult in the world.\u00a0\u00a0 It’s a lot of money for any industry.\u00a0 It’s a huge commitment of resources for a sunset industry.\u00a0 Subsidies must be eliminated. The Overseas Development Institute (ODI) report notes that “these subsidies outweigh the support provided to fast-start climate finance by a ratio of 7:1”.\u00a0 That …
Continue reading Fossil fuel subsidies: over $ 500,000,000,000 a year.<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9,7,8],"tags":[],"class_list":["post-2037","post","type-post","status-publish","format-standard","hentry","category-energy","category-climatechange","category-responsible-investing"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4hwcd-wR","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/2037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/comments?post=2037"}],"version-history":[{"count":1,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/2037\/revisions"}],"predecessor-version":[{"id":2038,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/2037\/revisions\/2038"}],"wp:attachment":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/media?parent=2037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/categories?post=2037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/tags?post=2037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}