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World spends $1.8tn a year on subsidies that harm environment, study finds

5 pointsby makerofspoonsover 3 years ago

1 comment

goatsneezover 3 years ago
&quot;The fossil fuel industry ($620bn), the agricultural sector ($520bn), water ($320bn) and forestry ($155bn) account for the majority of the $1.8tn, according to the report. No estimate for mining, believed to cause billions of dollars of damage to ecosystems every year, could be derived.&quot;<p>One cannot stop the flood of non-informed opinions from the news media today (though leniency is to be granted since this is The Guardian, they are very special there indeed). Fossil fuel, agriculture and forestry + mining -- literally stuff without which one cannot live and if so only at the level of poverty of hunter gatherer who have orders of magnitude more destructive life (if there were 7 billion of us doing that) style than any modern city dweller. And what is this &quot;damage&quot;?<p>For fun, lets compare it to the other essential human activities (which are more important activities than providing humans with material, energy and food&#x2F;water):<p>- In 2020, the entertainment and media market in the U.S. is expected to be worth over 720.38 billion USD. On a global scale, the entertainment and media market was worth 1.72 trillion USD in 2015 and is set to rise to 2.14 trillion by 2020.<p>- The global football market size was valued at $ 1,883.6 million in 2019<p>- In 2020, the casino industry revenue reached $227 billion.<p>- The online gambling market was worth $53.7<p>- The global film industry was worth $136 billion in 2018<p>- The gaming market was valued at USD 173.70 billion in 2021<p>- NBA, NHL, MLB - 100+ bn