Globally, every year fossil fuels get six times as much money in subsidies than renewable energy. Given a world population of around 7 billion, that means every man woman and child on the planet is spending an average of $58 a year to prop this industry up, but only around $9 to support renewables.
That might not sound like a lot, but keep in mind that 2 billion people on this planet live on less than $2 a day — to them, it’s a month’s wages.
Here’s an idea: Instead of giving all that money to fossil fuel companies who are currently posting record profits, why not simply send everybody a check for that amount? To paraphrase Dead Prez, “F**k subsidies — we say reparations.”
Fossil fuels vs. renewable energy subsidies, George Dearing.