Fossil fuel subsidies cost Australians a staggering $11.6...

Fossil fuel subsidies cost Australians a staggering $11.6 billion in 2021-22, an increase of $1.3 billion in the last year, according to new Australia Institute research.

The total value of future fossil fuel subsidies already committed in Federal, state and territory budgets is $55.3 billion – more than 10 times the balance of Australia’s Emergency Response Fund ($4.8 billion in Dec 2021), while $11.6 billion is 56 times the budget of the National Recovery and Resilience Agency.

https://australiainstitute.org.au/post/australian-fossil-fuel-subsidies-surge-to-11-6-billion-in-2021-22/