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Briefing: Australian governments subsidising fossil fuel use by more than $30,000 a minute, analysis finds

Strategic angle: Australia Institute data reveals a 10% increase in state and federal subsidies for fossil fuels, outpacing funding for the NDIS.

editorial-staff
1 min read
Updated about 1 month ago
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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.