Fossil fuel subsidies are a staggering $5 tn per year

Fossil fuel subsidies are a staggering $5 tn per year

Fossil fuels have two major problems that paint a dim picture for their future energy dominance. These problems are inter-related but still should be discussed separately. First, they cause climate change. We know that, we’ve known it for decades, and we know that continued use of fossil fuels will cause enormous worldwide economic and social consequences.

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