Nearly $1.8tn (£1.3tn) are spent every year on subsidies that are harmful to the environment, thus financing “our own extinction” according to research conducted recently.
It is, however, interesting to note that most at the senior levels acknowledge the importance of the report presented critically and urge the need to pull back the subsidies so as create a sustainable environment. Read more
News Credit: The Guardian
Picture Credit: Fabrice Coffrini/AFP/Getty