Fossil fuel industry gets subsidies of $11m a minute, IMF finds - by Damian Carrington

The fossil fuel industry benefits from subsidies of $11m every minute, according to analysis by the International Monetary Fund.

The IMF found the production and burning of coal, oil and gas was subsidised by $5.9tn in 2020, with not a single country pricing all its fuels sufficiently to reflect their full supply and environmental costs. Experts said the subsidies were “adding fuel to the fire” of the climate crisis, at a time when rapid reductions in carbon emissions were urgently needed.

Read more at : Fossil fuel industry gets subsidies of $11m a minute, IMF finds | Fossil fuels | The Guardian

EU Automobile Industry:New battery-electric vehicles take 5.7% share in Europe in Q1; hybrids 18.4%, gasoline 42.2% , diesel 23.2%

In the first quarter of 2021, hybrid electric vehicles made up 18.4% of total passenger car sales in the EU, almost doubling their market share in a year, according to data from the European Association of Automobile Manufacturers (ACEA). Demand for electrically-chargeable cars also increased in Q1: battery-electric vehicles made up 5.7% of all new cars, while plug-in hybrids accounted for 8.2% of EU registrations.

Sales of traditional fossil-fuel cars continued to decrease in the European Union, although gasoline and diesel still made up 65.4% of the car market.

Read more at: New battery-electric vehicles take 5.7% share in Europe in Q1; hybrids 18.4%, gasoline 42.2% , diesel 23.2% - Green Car Congress