Subsidising Our Downfall

Mike Hosey
5 min readFeb 10, 2021

There is no doubt that are climate is changing. Global temperatures are rising, sea ice and glaciers are shrinking, oceans are getting hotter and the sea levels are beginning to rise faster and faster. Without urgent change the impacts of the climate emergency will only get worse and leave more of the planet uninhabitable.

Countries have committed to taking action. After Biden re-signed the Paris Agreement, almost every country on the planet has committed to taking action on the climate emergency and reducing their greenhouse gas emissions to levels much more sustainable levels. However, committing to acting and doing so are two very different things. Many of the commitments made in the Paris Agreement won’t achieve limiting temperature rise to 2℃, let alone the 1.5℃ goal.

Now, don’t get me wrong, moving away from fossil fuels that helped create the industrial revolution and have shaped the world we live in today isn’t going to be a quick and easy fix. It would be great is if it was, but given how we as a global society, have become so reliant on it, we can’t just click our fingers and transform the way we all live to be cleaner and more sustainable. There is still plenty we can do though, including following the money.

Fossil Fuel Subsidies

The subsidising of fossil fuel projects is a problem all over the world. Back in 2016, G7 countries were spending $100billion annually in taxpayer money on support for the production and consumption of fossil fuels. Even in the years…

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Mike Hosey

| Founder of thinksustainabilityblog.com | Masters in Sustainable Development | Interested in all things sustainable |