Government support for fossil fuels in the form of subsidies nearly doubled in 2021, totaling 697.2 billion U.S. dollars worldwide. Petroleum accounted for the largest share of this total, at 302.7 billion U.S. dollars in subsidies. While fossil fuels subsidies saw a decreasing trend between 2010 and 2020 as governments pursued international climate goals, 2021 brought higher energy consumption and increased government efforts to protect consumers from surging energy prices.
Subsidies for fossil fuels worldwide from 2010 to 2021, by fuel type (in billion U.S. dollars)
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OECD, & IEA. (August 29, 2022). Subsidies for fossil fuels worldwide from 2010 to 2021, by fuel type (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 06, 2023, from https://www.statista.com/statistics/484759/subsidies-for-fossil-fuels-worldwide-by-product/
OECD, und IEA. "Subsidies for fossil fuels worldwide from 2010 to 2021, by fuel type (in billion U.S. dollars)." Chart. August 29, 2022. Statista. Accessed December 06, 2023. https://www.statista.com/statistics/484759/subsidies-for-fossil-fuels-worldwide-by-product/
OECD, IEA. (2022). Subsidies for fossil fuels worldwide from 2010 to 2021, by fuel type (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 06, 2023. https://www.statista.com/statistics/484759/subsidies-for-fossil-fuels-worldwide-by-product/
OECD, and IEA. "Subsidies for Fossil Fuels Worldwide from 2010 to 2021, by Fuel Type (in Billion U.S. Dollars)." Statista, Statista Inc., 29 Aug 2022, https://www.statista.com/statistics/484759/subsidies-for-fossil-fuels-worldwide-by-product/
OECD & IEA, Subsidies for fossil fuels worldwide from 2010 to 2021, by fuel type (in billion U.S. dollars) Statista, https://www.statista.com/statistics/484759/subsidies-for-fossil-fuels-worldwide-by-product/ (last visited December 06, 2023)
Subsidies for fossil fuels worldwide from 2010 to 2021, by fuel type (in billion U.S. dollars) [Graph], OECD, & IEA, August 29, 2022. [Online]. Available: https://www.statista.com/statistics/484759/subsidies-for-fossil-fuels-worldwide-by-product/