Life
Australia's Fossil Fuel Subsidies Surge, Outpacing NDIS Funding
Analysis reveals that Australian governments are subsidizing fossil fuel use at a rate exceeding $30,000 per minute, with a notable 10% increase in the past year.
Editorial Staff
1 min read
Recent data from the Australia Institute indicates that state and federal subsidies for fossil fuels, including coal, gas, and oil, have risen significantly.
The current subsidy rate stands at over $30,000 per minute, highlighting a concerning trend in resource allocation.
This increase of 10% in subsidies over the past year is occurring at a faster rate than funding for the National Disability Insurance Scheme (NDIS), raising questions about priorities in infrastructure investment.