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   Mackaj (mackaj@mastodon.me.uk)'s status on Monday, 20-Nov-2023 13:24:22 JST Mackaj

   According to the International Monetary Fund (IMF) $7,000,000,000,000 were spent on direct and indirect subsidies for fossil fuels in 2022.

   Government support for fossil fuels is equivalent to just over 7% of our planet's entire economic output.

   By comparison, global education spending accounts for 4.3% of all GDP.

   Cutting it could prevent 1.6M premature deaths per year and increase government revenues by $4.4 trillion.

   https://www.statista.com/chart/31016/volume-of-global-fossil-fuel-subsidies-timeline/

   #climatechange #fossilfuels #energytransition