World Bank: $1.25trn wasted each year on planet-wrecking subsidies

Trillions of dollars are being wasted on "inefficient and environmentally-damaging" subsidies for agriculture, fishing, and fossil fuels worldwide that could be used to help address climate change, the World Bank warned in a major new report this week. The report details the extent of these planet-harming global subsidies - which are often afforded larger sums by governments than their national education or health budgets - and stresses the potential opportunities to repurpose them as much needed funding to combat the climate crisis. Global direct government expenditures in agricultur...