World Spends $1.8 Trillion Per Year on Subsidies That Harm the Environment
A recent study found that the world spends a whopping $1.8 trillion per year on subsidies that are harming the environment. These subsidies are driving the extinction of wildlife and raising the global temperature. These subsidies range from tax breaks for harmful beef production in the Amazon to funding unsustainable groundwater pumping in the Middle East. We are financing our own planet’s extinction.
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