Global fossil-fuel subsidies may top $1 trillion in 2026 – UNDP

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UNDP estimates that global fossil-fuel subsidies could exceed $1 trillion in 2026 as governments shield households and businesses from rising energy costs. The spending increase is linked to the Middle East crisis.

Global fossil-fuel subsidies could exceed $1 trillion in 2026 as governments spend more to protect households and businesses from rising energy costs triggered by the crisis in the Middle East. The post Global fossil-fuel subsidies may top $1 trillion in 2026 – UNDP appeared first on Nairametrics.

World Politics Markets Commodities Energy fossil-fuel subsidies UNDP energy costs Middle East crisis government spending 2026

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