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This map shows which countries are squandering the most money on fossil fuel subsidies | Grist

20.11.15

This map shows which countries are squandering the most money on fossil fuel subsidies | Grist: Composed of 19 major economies and the E.U., the G20 accounts for roughly three-quarters of global emissions. What these countries choose to subsidize matters. And the half-trillion figure above is probably lowballing it, because the ODI/OCI report doesn’t cover the European Union. The U.S., for its part, still spends upwards of $20 billion annually subsidizing fossil fuel production. Globally, report the authors, about half of all fossil subsidies go to upstream oil and gas sectors (i.e. prospecting and drilling).

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