$10 Million Per Minute to Subsidize Fossil Fuels
by William Achnitz III on May 27, 2015 | Views: 414 | Score: 1
China | 2300 |
---|---|
United States | 699 |
Russia | 335 |
India | 277 |
Japan | 157 |
Amount spent (in billions)
Sources:
commondreams.org
China | 2300 |
---|---|
United States | 699 |
Russia | 335 |
India | 277 |
Japan | 157 |
The fossil fuel industry receives a combined $5.3 trillion per year in subsidies from governments across the world. This is a cost incurred by the taxpayer before the taxpayer even pays for the energy itself. As Lord Nicholas Stern notes, these subsidies "distort markets and damage economies." If you are on the fence about renewable energy technologies, you might want to reconsider your position.
Fine work, William.
How do we in america "pay"those subsidies?
Where are those details?
See the following report: www.treasury.gov/open/Documen…