Fossil fuel subsidies added $373bn in 2015

A new report combining figures for fossil fuel subsidies from two key international organisations has counted them to have been at least $373bn in 2015.

The report comes from the Organisation for Economic Co-operation and Development (OECD), but includes for the first time figures combining its own estimates of fossil fuel subsidies with those from the International Energy Agency (IEA) from 2010 to 2015.

The report said further coordination between organizations is still needed, “especially as inconsistencies in definitions and data are sometimes used as an excuse to postpone action”.

Carbon Brief’s coverage also includes updates of on the level of UK subsidies to fossil fuels in 2016, based on the OECD’s updated database of fossil fuel “support” measures.

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