Perverse and destructive, Special report into fossil-fuel subsidies

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At a time when carbon emissions are destroying the planet and government budgets are under severe pressure, it is perverse that the world’s taxpayers are providing the fossil-fuel industry with almost $2trn of subsidies every year – more than 20 times as much as renewables.

“The fossil-fuels industry is the most powerful vested interest in the history of the world,” says Steve Sawyer, secretary general of the Global Wind Energy Council. “It runs and/or owns many governments; and exerts a huge influence on many more.”