5.9 $trillion spent by governments on fossil fuel subsidies in 2020 by Andrew Glikson As indicated by the International Monetary fund , greenhouse gas emissions are funded world-wide by government subsidies totaling $5.9 trillion in 2020 , about 6.8% global GDP, expected to rise to 7.4% of GDP in 2025, or $11million a minute . In the view of some scientists fuel subsidies are ‘adding fuel to the fire of the climate crisis’. Hollow words by dignitaries at COP-out-26 may have led many to believe “leaders” are serious when they raise the alarm of “ one minute to midnight ”, while at the same time allowing the development of new oil, gas and coal mines enhancing the accelerating trend toward an inhabitability of large parts of the planet. The consequences of the continued transfer of extractable carbon to the atmosphere and oceans were summed up by James Hansen, the renowned climate scientist: “ Burning all fossil fuels would create a very different planet than the one that humanity know...