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

The Guardian - World NewsEN 1 min read 100% complete by Adam Morton Climate and environment editorMarch 11, 2026 at 03:00 PM
Australian governments subsidising fossil fuel use by more than $30,000 a minute, analysis finds
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A new analysis by the Australia Institute reveals that Australian federal and state governments are significantly subsidizing the fossil fuel industry. These subsidies, which encourage the use of coal, gas, and oil, are projected to reach $16.3 billion in 2025-26, a nearly 10% increase from the previous year. This equates to roughly $31,020 per minute being paid or forgone by governments to support fossil fuel companies. The subsidies primarily benefit the production and consumption of oil, particularly diesel. The report highlights the growing financial support for fossil fuels despite concerns about the climate crisis.

Key Entities & Roles

Key Player Opposition Context
Adam Morton ×260% Australia 70% Australia Institute 80% Australian federal government 90% Australian state governments ×290%

Keywords

fossil fuel subsidies 100% climate crisis 80% gas 70% coal 70% oil 70% australian government 60% funding 50% diesel 50% australia institute 40%

Sentiment Analysis

Negative
Score: -0.40

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Source
The Guardian - World News
Classification Confidence
85%
Geographic Perspective
Australia

This article was automatically classified using rule-based analysis.

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fossil fuel subsidiesclimate crisisgascoaloilaustralian governmentfundingdieselaustralia institute
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