“The #imfruity analysis found the total subsidies for #oil, #gas and #coal in 2022 were $7tn (£5.5tn). That is equivalent to 7% of global #GDP and almost double what the world spends on #education.”

“#ExplicitSubsidies, which cut the price of fuels for consumers, doubled in 2022 as countries responded to the higher energy prices resulting from Russia’s war in Ukraine. Rich households benefited far more from these than poor ones,”