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Fossil fuel subsidies
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Financial support by governments for coal, oil, gas, and electricity generated from them
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Fossil fuel subsidies are energy subsidies on fossil fuels. Under a narrow definition, fossil fuel subsidies totalled around $1.5 trillion in 2022. Under more expansive definition, they totalled around $7 trillion. They may be tax breaks on consumption, such as a lower sales tax on natural gas for residential heating; or subsidies on production,...

Subclass of
Energy subsidy
Fiscal policy
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