Questions about Fossil fuel subsidies

Short answers, pulled from the story.

How much were global fossil fuel subsidies in 2022 according to the International Monetary Fund?

The International Monetary Fund calculated that fossil fuel subsidies reached $1.5 trillion under a narrow definition and $7 trillion when including negative externalities like air pollution and climate change.

What percentage of global GDP did total global fossil fuel subsidies equal in 2020?

Total global subsidies equaled 6.8% of global GDP in 2020, which experts project will rise to 7.4% by 2025 if current trends continue.

Which country spent the most on fossil fuel subsidies in 2020 according to IMF data?

China spent $2,203 billion on total fossil fuel subsidies in 2020, followed by the United States with $662 billion and Russia with $522 billion.

Who receives the most benefits from fossil fuel subsidies according to economists?

Wealthy people receive most absolute benefits from fossil fuel subsidies because poorer citizens do not usually own cars so they miss out on direct savings.

How much did Iran spend on energy price subsidies as a percentage of its GDP in 2019?

Iran became the world's largest subsidizer of energy prices under President Rouhani with over 15 percent of its GDP going to subsidies in 2019.