According to a recent study for the Ministry for Economic Affairs and Climate Action, the 2020 federal budget included around 35.8 billion euros in state subsidies that increased the country’s climate-damaging emissions. Globally, direct and indirect fossil fuel subsidies totaled around 7,000 billion US dollars in 2022 – seven trillion US dollars. That is around seven percent of global economic output and two trillion US dollars more than in 2020. This primarily reflects the situation since the start of the Ukraine war.