How many billions in subsidies does the US give fossil fuels?
Question
How many billions in subsidies does the US give fossil fuels?
Solution
The exact amount of subsidies the US gives to fossil fuels can vary year by year and is a subject of debate due to the complexity of the tax system and the indirect ways in which subsidies can be provided. However, according to a report by the Environmental and Energy Study Institute in 2020, direct and indirect subsidies for fossil fuels in the US can be estimated at roughly $20 billion per year. This includes both federal and state subsidies. Please note that this is an estimate and the actual figure may vary.
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