- Official data show that overall government support for fossil fuels in 51 countries worldwide doubled to 697.2 USD billion in 2021, from 362.4 USD billion in 2020 owing to increased energy prices.
- Consumption subsidies are predicted to rise even further in 2022.
- Analysis of transfers and tax breaks in G20 economies showed total fossil fuel support rose to USD 190 billion in 2021 from USD 147 billion in 2020.
- Combining estimates covering 51 major economies, G20 and 33 other major...
https://mfame.guru/soaring-energy-prices-doubled-the-fossil-fuel-consumption/