Read the full story in Triple Pundit.
Fossil fuel companies receive billions of dollars in government subsidies each year. A major argument for ending those subsidies these days, is the effect that carbon-based pollution has on the atmosphere – what scientists now say causes climate change.
But new research suggests that there is another compelling reasons for halting reconsidering that funding that our tax payer dollars cover: our health.
According to a study by the European not-for-profit organization, Health and Environment Alliance (HEAL), fossil fuel subsidies from G20 countries amount to $444 billion per year. That amount, say researchers, is actually small compared to the health costs that are incurred as a result of fossil fuel industries. Researchers found that the use of fossil fuels resulted in health-related costs of more $2.76 trillion across the globe, or six times the total cost of those government subsidies.