I hadn't realized that global fossil fuel subsidies are so large. IEA estimates $548B, i.e. 0.7% of global GDP.pic.twitter.com/rN5EBoC8VC
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But this could miss indirect support. So Stefanski published a neat paper last year estimating subsidies from historical carbon/GDP ratios.
Paper: http://www.oxcarre.ox.ac.uk/files/OxCarreRP2014134%281%29.pdf … Conclusion is that it's closer to $1T. I.e., 1.3% of global GDP.pic.twitter.com/cVx8fwDdna
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