“A new International Monetary Fund (IMF) study shows that USD$5.2 trillion was spent globally on fossil fuel subsidies in 2017. The equivalent of over 6.5% of global GDP of that year”

Such a waste. Another example of how subsidies result in bad incentives. It’s surprising that renewables have even reached their current level with such gross inequality prevailing. Imagine how much cleaner the air would be without these subsidies.