Fossil Fuel Subsidies Top $450 Million Annually, Study Says

http://insideclimatenews.org/news/11112015/fossil-fuel-subsidies-top-450-million-annually-study-says

The report underscores the obstacles the world faces in transforming the global energy economy just weeks before critical Paris climate treaty talks.By Naveena Sadasivam The governments of the world’s 20 largest economies spend more than $450 billion annually subsidizing the fossil fuel industry, a new analysis has concluded, four times more than what they spend on renewable energy.

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