Removing harmful subsidies for the sake of sustainable development - the English version of a short piece on harmful subsidies in WEITBLICK
Whether nationally or globally: the numbers are so shockingly high, they are hard to imagine. Nine billion euros, for instance, are annually granted to German industry in savings on electricity costs. Worldwide, subsidies are estimated at a whopping one trillion US dollars – subsidies that harm the climate, the people and the environment, not helping deliver a better future. When governments declare that they have no money for urgent investments to bring about a social and ecological economy, this is more than hypocritical.