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The world finds enormous sums of money each year for often inefficient and environmentally damaging subsidies to agriculture, fishing, and fossil fuels. How much are we talking about? An enormous amount, it turns out.
World Bank says subsidies costing as much as $23m a minute must be repurposed to fight climate crisis
The World Bank said trillions of dollars wasted on subsidies for agriculture, fishing and fossil fuels could have been used to address climate change,
The World Bank reveals how trillions in wasteful subsidies for agriculture, fishing, and fossil fuels could be repurposed for climate action. Learn how reformed policies could address environmental degradation and pave the way for a sustainable future.