Mercom Insider

Global Fossil Fuel Subsidies Rise to $7 Trillion in 2022, Exacerbating Climate Crisis

IMF said India spent $350 billion on fossil fuel subsidies in 2022

September 7, 2023

/ B.S. Nagaraj
/ Markets & Policy, Other
thumbnail

Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights


Putting the spotlight on the role of fossil fuel subsidies in exacerbating the climate crisis, a damning analysis by the International Monetary Fund (IMF) has said total fossil fuel subsidies amounted to a whopping $7 trillion in 2022 or 7.1% of global GDP.

MERCOM Insider

Where clean energy's most influential leaders get their intelligence

Exclusive reporting, market intelligence, and insider access that shapes billion-dollar decisions in renewable energy and clean technology.

Already have an account? Sign In

Register for free

thumbnail

B.S. Nagaraj

More articles from B.S. Nagaraj.
CoalEmissionsfossil fuelsIMFNatural GasPetroleumSubsidies
PREVALL POSTSNEXT

RELATED POSTS

Get the most relevant India solar and clean energy news.

RECENT POSTS