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by the_why_of_y 52 days ago
Subsidies for fossil fuels in 2020 were $5 trillion according to IMF Working Paper:

https://www.imf.org/en/Publications/WP/Issues/2021/09/23/Sti...
1 comments
dzhiurgis 52 days ago
> Just 8 percent of the 2020 subsidy reflects undercharging for supply costs (explicit subsidies)

So $400b. Still a lot.

link
the_why_of_y 47 days ago
The majority of the subsidies are implicit, in the form of negative externalities that are not priced in.

But I really should locate a more recent version of this report...

https://www.imf.org/en/publications/wp/issues/2025/12/20/und...

In 2024 they found $725bn in explicit subsides, plus $6.7tn in implicit subsidies.

link