Annual carbon subsidy ‘up to $39Billion’!!!!!

Australia’s polluting energy sector benefits from an annual subsidy of $14-39 billion from the unpriced cost of climate damages on economic growth, environmental systems, health, and security, finds new analysis by The Climate Institute. The electricity sector alone receives a carbon subsidy of about $7-20 billion a year. This estimate builds on recent work on energy subsidies undertaken by the International Monetary Fund (IMF).

>readmore> ClimateSpectator

About groundswellbasscoast

This is on behalf of local climate change group. Material is selected by Bernie McComb and does not necessarily represent opinion of whole group.
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