Australian governments subsidising fossil fuel use by more than $30,000 a minute, analysis finds

Australia-institute" class="entity-link entity-organization" data-entity-id="38896" data-entity-type="organization">Australia Institute data finds state and federal subsidies for coal, gas and oil products increased 10% in past year, growing at a faster pace than funding to NDIS Sign up for climate and environment editor Adam Morton’s free Clear Air newsletter here Australian federal and state government subsidies that encourage fossil fuel use and help drive the climate crisis will reach $16.3bn this year after leaping by nearly 10%, according to a new analysis. It found federal and state governments will pay or forgo the equivalent of $31,020 each minute in 2025-26 to subsidise companies producing and using coal, gas and especially oil, mostly in the form of diesel. Sign up to get climate and environment editor Adam Morton’s Clear Air column as a free newsletter Continue reading...