EXPLAINER-Global fossil fuel subsidies on the rise despite calls for phase-out

Contributing sentiments towards policy:

63% : Coal dominates India's electricity production and the country is one of the world's top producers.
52% : RUSSIAThe world's top seaborne exporter of diesel and third largest producer of oil spent $420 billion on fossil fuel subsidies last year, according to the IMF.
50% : At least 230 temporary subsidy measures were taken by governments across the EU last year, according to a European Commission report, after Russia cut gas supplies to the region.
49% : The Joint Committee on Taxation, a nonpartisan panel of Congress, has estimated that eliminating it could generate $13 billion over a decade.
49% : These include payments to oil refineries to compensate them for selling fuel on the domestic market instead of exporting it for a higher prices.
43% : At this year's climate gathering in Dubai, EU countries will be looking to harden the COP26 deal to phase out the subsidies by pushing for a deadline of 2030 to get it done, but it is unclear how much support the proposal will gain.
43% : EUEuropean governments more than doubled fossil fuel subsidies to $310 billion in 2022 in response to the energy crisis, IMF data showed.
40% : EU governments were among those that have increased support for fossil fuels since Glasgow, mainly as a response to energy security concerns following Russia's invasion of Ukraine.

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