The TRUTH about fossil fuel subsidies.

The fossil fuel industry received more than a TRILLION dollars in direct subsidies in 2022, and some say if the impacts on the climate and environment were factored in, that number would be nearly six times higher. But, if we take the subsidies away, asks the fossil fuel industry, then how will people be able to afford to heat their homes?

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Research Links

Fossil Fuel Reform

https://data.undp.org/simulators/fossil-fuel/

Our Eden - Dong to Orsted. The oil giant that turned green.

https://www.youtube.com/watch?v=60G3nhhqNRE&t=2s

IEA Report on Fossil Fuel subsidies
https://www.iea.org/reports/fossil-fuels-consumption-subsidies-2022

IMF Report on Fossil Fuel subsidies
https://www.imf.org/en/Topics/climate-change/energy-subsidies

Global Subsidies Initiative report
https://www.iisd.org/gsi/subsidy-watch-blog/53-ways-reform-fossil-fuel-consumer-subsidies-and-pricing

Nature Article by Jocelyn Timperley : The Fight to End Fossil Fuel Subsidies
https://www.nature.com/articles/d41586-021-02847-2.epdf?no_publisher_access=1&r3_referer=nature

IISD Article : G20 Scorecard on fossil fuel funding
https://www.iisd.org/publications/g20-scorecard

IISD Article : Cutting emissions through fossil fuel subsidy reform and taxation
https://www.iisd.org/publications/cutting-emissions-fossil-fuel-subsidies-taxation

Allianz report ; Abolishing fuel subsidies in a green and just transition
https://www.allianz.com/content/dam/onemarketing/azcom/Allianz_com/economic-research/publications/specials/en/2021/may/2021_05_19_Fossil_Subsidies.pdf

MIT Article on Stranded Assets
https://news.mit.edu/2022/stranded-assets-could-exact-steep-costs-fossil-energy-producers-investors-0819

Impakter Article on Fossil Fuel Subsidies
https://impakter.com/fossil-fuel-consumption-subsidies-hit-all-time-high-will-ever-abolish-them/