Billions back fossil fuels, says study
24 Aug 2012

Subsidies for fossil fuels could top $US1 trillion this year, an American-based independent research agency is warning.
The Worldwatch Institute says that while total subsidies for renewable energy stood at $66 billion in 2010, but are still dwarfed by the total value of global fossil fuel subsidies estimated at between $775 billion and more than $1 trillion in this year.
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