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Earth Policy Institute - The Energy Game is Rigged: Fossil Fuel Subsidies Topped $620 Billion in 2011

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Earth Policy Institute - The Energy Game is Rigged: Fossil Fuel Subsidies Topped $620 Billion in 2011

Sun, 2013-03-03 14:53 — Kathy Gilbeaux

earth-policy.org - by Emily E. Adams - February 27, 2013

The energy game is rigged in favor of fossil fuels because we omit the environmental and health costs of burning coal, oil, and natural gas from their prices. Subsidies manipulate the game even further. According to conservative estimates from the Global Subsidies Initiative and the International Energy Agency (IEA), governments around the world spent more than $620 billion to subsidize fossil fuel energy in 2011: some $100 billion for production and $523 billion for consumption.

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