Explicit fossil fuel subsidies as a share of GDP, 2010 to 2021

Subsidies are pre-tax and for both the production and consumption of fossil fuels. Production subsidies reduce the cost ofproducing coal, oil or gas. Consumption subsidies cut fuel prices for the end user, such as by fixing the price at the petrolpump so that it is less than the market rate.

20102021201220142016201820200.5%World

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Explicit fossil fuel subsidies as a share of GDP

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