Calls to phase out fossil fuel subsidies 'that exceed Australian Army funds'

An International Monetary Fund report in 2019 said Australia was spending some US$29 billion in subsidies, though that paper included the estimated cost of things like the environmental and social price of pollution and greenhouse gas emissions.

He said some assistance to fossil fuel industries can be good for the country and economy, and asserts that mining is the least subsidised industry."Fossil fuels are our nation's biggest export. I think government should be helping encourage that," Senator Canavan, a big supporter of new coal projects, said.

But Senator Canavan, who has been a vocal opponent of a 2050 goal, claims regional security concerns in coming decades should make Australia think twice before committing to anything.

Source: News Formal (newsformal.com)

Extract - Fossil fuel subsidies have cost state, territory and federal budgets roughly $10.3 billion over the past financial year, or $19,686 a minute, according to a new report from The Australia Institute.

jamesglenday the LNP & Vic Labor are jointly financing BROWN coal hydrogen exports & this is mentioned in the report. who decided to omit Victoria entirely from this article? who deemed this highly newsworthy fact unworthy of ABC readers? you or ABC editors?

And how about the enormous subsidies to solar which doesn’t operate ~70% of the time or wind that doesn’t generate ~95% of the time? What a waste of taxpayer money...

Both are an appalling waste of the nations wealth.

Subsidies protect the inefficient polluting industries - why would this government want to do this - do they subsidise the government elections funds⁉️

So everything will cost more takeaway the fuel rebate and up go all freight costs more cost for the average jo

We subsidise & are the biggest exporters of coal yet we have one of the highest priced electricity supply in the world. WTF?

Abc when the 'fear' stars fading.

ABC lie again. Where did you put the huge fuel excise tax on petrol in your calculation. Please list the subsidies and explain how the revenue will be recovered from Electric cars. ABC are out of control.

Hey POTUS you made the right call not to listen to PM ScottMorrisonMP make empty promises about his Notional Hydrogen Valley.

Huh?

Australia has spent $60B+ on renewable subsidies Cut the lot & May the cheapest power supply win

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