Why fossil fuel subsidies are so hard to kill
Fossil-fuel subsidies are one of the biggest financial barriers hampering the world's shift to renewable energy sources. Each year, governments around the world pour around half a trillion dollars into artificially lowering the price of fossil fuels — more than triple what renewables receive. This is despite repeated pledges by politicians to end this kind of support, including statements from the G7 and G20 groups of nations.
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