Fossil money.

Subsidies for coal, oil and natural gas represented more than governments spent on education and two-thirds of what was spent on health care, the Financial Times (paywall) reports.

The comparisons above are striking. They are also disappointing ahead of COP28, considering groups like the Group of 20 pledged to phase out inefficient fossil fuel subsidies back in 2009.

Anca Gurzu

Chief Europe Correspondent