I knew it was much, but never suspected that fossil fuels subsidies amounted to an estimate 6,5% of global GDP. Illuminating fact sheet https://www.eesi.org/papers/view/fact-sheet-fossil-fuel-subsidies-a-closer-look-at-tax-breaks-and-societal-costs … by @eesionline
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Thinking aloud: of course the industry will say that "we are not ready" for a complete phaseout, but imagine, just imagine, if governments had started taking serious actions on climate change 30 years ago. We would be on a much better trajectory now...
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It is indeed true as they say that the best time to combat climate change was a few decades ago, and the second best time is now.
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