Fossil fuel subsidies racking up trillions in health costs

(EurActiv, 27 Jul 2017) Health costs related to fossil fuel use outweigh taxpayer-funded subsidies by 600%, according to a new study that insists governments should stop pumping money into dirty energy sources.

G20 governments spent $444 billion on oil, gas and coal subsidies in 2014 alone and have long pledged to cut this support, as countries look to decarbonise their economies in line with the Paris Agreement, Sustainable Development Goals and national goals.

A new study by the Health and Environment Alliance (HEAL) estimates that the use of those same fossil fuels leads to $2.76 trillion in health costs in the G20 thanks to air pollution. $229.5bn is incurred by EU countries alone.

It is estimated that fossil fuel combustion costs the lives of 6.5 million people worldwide every year, due to associated illnesses like strokes, heart attacks, cancer and lung disease.

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EurActiv, 27 Jul 2017: Fossil fuel subsidies racking up trillions in health costs