This could be another turnaround for the fight against climate change as the G7 is willing to eliminate subsidies for oil, coal and natural gas within the decade.
To Desmogblog : ” The exact worth of massive global fossil fuel subsidies is incredibly hard to figure. There’s no real consistency in the definitions of subsidies, or how they should be calculated. “
” As a result, estimates of global subsidy support for fossil fuels vary widely. According to a new analysis by the Worldwatch Institute, these estimates range from $523 billion to over $1.9 trillion “
I don’t know about you but I believe paying this much to keep on polluting our atmosphere and whole biosphere is just insane.