the world spent a record track 7 trillion dollars. the imf report which analysed 170 countries found that direct and in depth indirect subsidies cost the equivalent of 7.1% of gross domestic product, gdp, in va 2022, that is more than government spent on education. the imf said that the governments could save $4.4 billion by simply scrapping the subsidies and suggested instead that targeted support should be paid to the poorest households. backin back in 2009, the g20 governments which produce most of the fossil feels emissions committed to phase out subsidies in line with climate goals but also in line with broader