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Global fossil-fuel subsidies may top $1 trillion in 2026 – UNDP

Global fossil-fuel subsidies could exceed $1 trillion in 2026 as governments spend more to protect households and businesses from rising energy costs triggered by the crisis in the Middle East.

  • Global fossil-fuel subsidies could exceed $1 trillion by 2026
  • UNDP predicts surge driven by Middle East energy crisis
  • 55 developing nations allocate over 10% of revenue to debt payments

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