Short-term relief measures from fossil fuel subsidies come at a steep long-term cost, including rising to $1.1 trillion globally in 2026 and potentially $1.43 trillion if oil averages $110 a barrel.
multiple outlets, traced to a single source · Attributed statement · first recorded Jul 5, 11:30 PM
Although several outlets carry this claim, their reporting traces back to a single shared source — so it counts as one confirmation, not several.
How each outlet reported it
UN NewsIntergovernmental · Jul 5, 2:00 PM
In a scenario with prices reaching $110 a barrel, fossil fuel subsidies could rise to $1.43 trillion
Cites: UN Development Programme (UNDP) · Details: $110 a barrel; $1.43 trillion
UN NewsIntergovernmental · Jul 5, 2:00 PM
Global fossil fuel subsidies will climb to $1.1 trillion in 2026, around $410 billion higher than in 2025 if oil prices average $88.60 a barrel
Cites: UN Development Programme (UNDP) · Details: $1.1 trillion in 2026; $410 billion higher than 2025; $88.60 a barrel
UN NewsIntergovernmental · Jul 5, 2:00 PM
Short-term relief measures from fossil fuel subsidies come at a steep long-term cost
Cites: UN Development Programme (UNDP) · Details: short-term relief; steep long-term cost