The Hidden Subsidies: Fossil Fuels and Financial Costs Fossil fuels processing structure Governmental subsidies and substantial financial support for fossil fuel use are partly, if not hugely, responsible for maintaining their dominant spot in the global energy system. Often hidden from public scrutiny, such subsidies artificially lower the cost of fossil fuels, which could distort markets and delay the transition to clean energy sources. This section explores the various forms of fossil fuel subsidies, their economic and environmental impacts, and the opportunity costs associated with maintaining these subsidies in the face of the climate crisis. What Are Fossil Fuel Subsidies? Fossil fuel subsidies are financial mechanisms that many governments employ to aid and sustain coal, oil, and natural gas production and consumption . These financial mechanisms are created in various forms, such as direct financial support, wherein governments pay or provide grants to fossil fue...
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