Global data showed a rise in fossil fuel subsidies in 2021, after a brief fall in 2020 which was largely caused by a drop in energy prices. In 2021, Governments spent an estimated $732 billion on subsidies to coal, oil, and gas, against $375 billion in 2020. This brings the subsidies back to pre-2015 levels. High oil and gas prices in 2022 will likely bring a new increase, as subsidies are often linked to the price of energy.

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