However, according to FracTracker, it's actually $760 billion annually in subsidies, tax breaks, and unpriced externalities.
IMF estimates that global fossil fuel subsidies (incl unaccounted costs of climate change, pollution-related health issues, and environmental damage) reached $7 trillion in 2022, (U.S. share being 35% of the global total).
https://www.fractracker.org/2025/03/fossil-fuel-subsidies-free-market-myth/
