DCStockPhotography/Shutterstock Last year marked a historic high for global fossil fuel subsidies, with the International Monetary Fund (IMF) estimating global direct costs at $1.3 trillion.This is just the beginning: The IMF sees indirect environmental and health costs — so-called implicit subsidies — at an eye-watering $5.7 trillion on top of this.Lower prices will make for lower subsidies this year, but don’t mistake this for effective action: The challenge hasn’t gone away. Save for later Print Download Share LinkedIn Twitter The Issue
