While more than 53 countries now have publicly committed to phase - out subsidies for fossil fuels, little concrete progress has been made. (treehugger.com)
In fact, according to a new report from the International Energy Agency and the Organisation for Economic Co-operation and Development, there are at least 250 different kinds of subsidies for the fossil fuels industry. (treehugger.com)
A recent IMF paper put the magnitude of subsidies for fossil fuel energy sources at $ 5.3 trillion worldwide in 2015, including both direct fiscal costs and implicit subsidies from the failure to charge for environmental damages or tax energy at the same rate as other consumption products. (imf.org)