Fossil Fuel Burden on State Coffers

Nations are weighing phaseout of fossil-fuel subsidies, a growing fiscal burden that ratchets up carbon dioxide emissions by encouraging wasteful oil, natural gas, and coal consumption. The largest subsidies are in developing countries, which spend more than $400 billion annually shielding their populations from high fuel prices. But oil industry tax breaks and other government measures in developed nations also subsidize fossil fuels, to the tune of $45 billion to $75 billion per year.

Sources: International Energy Agency;
Organization for Economic Cooperation and Development;
Fuel prices from GIZ, the German Society for International Cooperation.

Graphic by and . Published June 18, 2012.


More Energy Features

Did You Know?

Lorem ipsum dolor sit amet

Special Report: Shale Gas Rush

  • The Hallowich family  Stephanie, Chris,  Children--Alie and Nate

    A Dream Dashed by the Rush on Gas

    The shale gas industry maintains that it protects drinking water and land. But mistrust has been sown in rural communities.

  • Lee Zavislak learns to drive an 18-wheel truck at the Western Area Career and Technology Center in Canonsburg, Pennsylvania.

    New Jobs Through Energy

    The industry promises jobs to a state badly in need of an economic boost, but the work so far isn't where you might expect it to be.

  • shale-map_503x465.jpg

    Mapping a Gas Boom

    Track the growing mark that energy companies have etched on Pennsylvania since first producing natural gas from shale.

View Our Complete Shale Gas Coverage »