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Subsidies for fossil fuels in 2020 were $5 trillion according to IMF Working Paper: https://www.imf.org/en/Publications/WP/Issues/2021/09/23/Still-Not-Getting-

• dzhiurgis 5mo ago
  > Just 8 percent of the 2020 subsidy reflects undercharging for supply costs (explicit subsidies) So $400b. Still a lot.
  • the_why_of_y 5mo ago
    The majority of the subsidies are implicit, in the form of negative externalities that are not priced in. But I really should locate a more recent version of this report... https://www.imf.org/en/publications/wp/issues/2025/12/20/underpriced-and-overused-fossil-fuel-subsidies-data-2025-update-572729 https://www.imf.org/en/publications/wp/issues/2025/12/20/und... In 2024 they found $725bn in explicit subsides, plus $6.7tn in implicit subsidies.