The U.S. Still Spends Billions to Subsidize Fossil Fuel
Have you ever wondered how much money the United States spends to subsidize fossil fuel (gas, oil, coal, etc.)? According to a study done by the World Monetary Fund, it’s a staggering $650 billion annually! Imagine if that amount of money were spent on renewable energy…
All of the governments of the world spend roughly $5.2 trillion annually. That works out to be roughly 6.5% of the worlds economic activity! Again, imagine if that money were spent on renewable energy – instead of propping up industries that are the leading causes of Global Warming.
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