Fossil Fuel Subsidies

Countries around the world agreed to reduce fossil fuel subsidies. It is one of the Sustainable Development Goals (SDGs) that they want to reach by 2030. The maps here show two indicators to track this goal. They are part of our SDG-Tracker where you find all of the available measures to track the SDGs. In many countries fossil fuel subsidies are extremely high. The New York Times reports that in Venezuela subsidies were so high that “a dollar could once theoretically buy about 5 billion gallons of gasoline.” This would be “more than enough to supply the state of Michigan for a year.”