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Expert Insight

Can the US Phase Out Fossil Fuel Subsidies?

Author(s): Han Chen
International Climate Advocate, Global Advocacy, International Program
Natural Resources Defense Council
Date: June 25, 2018 at 2:13 PM

The use of fossil fuels drives climate change. Unfortunately, the path to clean sources of electricity, heat, and transport is impeded by the continued government subsidization of fossil fuels. In our recent Scorecard measuring the US against other G7 countries on progress in eliminating fossil fuel subsidies, the US ranked last, spending over $26 billion a year to prop up fossil fuels. Fossil fuel subsidies waste money and come at the expense of public health, local communities, and the climate. The US still provides subsidies for fossil fuel exploration, mining, production, and consumption. The US subsidizes more oil and gas… [more]

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