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 t

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.