Coal cheap, but expensive side effects

Next Big Future reports that:

Worldwide subsidies for fossil fuels, which at $523 billion are six times higher than subsidies for renewable energy. The fossil fuel subsidies do not include giving fossil fuels a free ride on air and water pollution.

Some estimate that China is losing about 7% of its GDP due to environmental damage for air and water pollution. A rough estimate is that air and water pollution from fossil fuel is costing the world about $1.4 trillion (2% of global GDP)

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