Winner – Best News Website or Mobile Service | Asian Digital Media Awards 2019

Fossil fuel subsidies eclipsed $620 billion in 2011

Globally, governments provided more than USD$620 billion to subsidize fossil fuel energy in 2011 and just $88 billion went to subsidies for renewable energy.

According to the Earth Policy Institute (EPI), $131 billion in subsidies went to coal, gas and oil consumed specifically for electricity generation.

“Through these subsidies, governments cut the prices people paid for fossil energy by nearly a quarter - encouraging waste and hindering efforts to stabilize climate.”

Demonstrating the connection between subsidisation and carbon footprint; the United Arab Emirates, Kuwait and Qatar each spent thousands per person on propping up fossil fuel consumption in 2011 and all three countries are among the world’s top carbon emitters per capita.

Click here to read the full story.

Thanks for reading to the end of this story!

We would be grateful if you would consider joining as a member of The EB Circle. This helps to keep our stories and resources free for all, and it also supports independent journalism dedicated to sustainable development. For a small donation of S$60 a year, your help would make such a big difference.

Find out more and join The EB Circle

blog comments powered by Disqus

Most popular

View all news

Industry Spotlight

View all
Asia Pacific's Hub For Collaboration On Sustainable Development
An Eco-Business initiative
The SDG Co