Fossil Fuel Subsidies Cost some $2 Trillion Annually, According To IMF

Juan Cole 05/02/2014

(By Sophie Vorrath)

Fossil Fuel Subsidies Cost ~$2 Trillion Annually, According To IMF (via Clean Technica)

Originally published on RenewEconomy.By Sophie Vorrath Science informs us about the environmental cost of our global fossil fuel habit – the IPCC recently reported that CO2 emissions from fossil fuel combustion and industrial processes contributed…

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About the Author

Juan Cole is the founder and chief editor of Informed Comment. He is Richard P. Mitchell Professor of History at the University of Michigan and an adjunct professor, Gulf Studies Center, Qatar University. He is author of, among many other books, Muhammad: Prophet of Peace amid the Clash of Empires. Follow him on Twitter at @jricole or the Informed Comment Facebook Page