What You Need to Know About the Hidden Health Cost of Fossil Fuel Subsidies

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.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.