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coal industry
Trends
- 1Germany pledges to phase out fossil fuels by 2045●Germany pledges to phase out fossil fuels for first time with target of 2045
Germany has for the first time formally committed to phasing out fossil fuels, setting a target date of 2045. The pledge, reported by the Guardian, marks a significant shift in the country's climate policy, moving beyond its existing renewable energy and coal exit goals to an explicit commitment against oil and gas as well. Commenters are debating how realistic the timeline is for an industrial economy heavily reliant on imported energy.
- 2Taxpayers subsidize fossil fuels at $4.5 trillion a year, critics say●"Too many governments in the world have been captured by the fossil fuel industry and the petrostates. Taxpayers around
Commenters are arguing that many governments have been captured by the fossil fuel industry and petrostates, leaving taxpayers effectively funding the burning of oil, gas and coal. They cite a Scientific American figure of $4.5 trillion a year in global fossil fuel subsidies, framing the money as public support for the very emissions governments claim to be cutting.