Australian governments subsidising fossil fuel use by more than $30,000 a minute, analysis finds
Australia Institute data finds state and federal subsidies for coal, gas and oil products increased 10% in past year, growing at a faster pace than funding to NDIS
Australian federal and state government subsidies that encourage fossil fuel use and help drive the climate crisis will reach $16.3bn this year after leaping by nearly 10%, according to a new analysis.
It found federal and state governments will pay or forgo the equivalent of $31,020 each minute in 2025-26 to subsidise companies producing and using coal, gas and especially oil, mostly in the form of diesel.
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