The original content of Democracy Now! Headlines appears under the Creative Commons BY-NC-ND 3.0 License (United States). For more, including their other shows and media, visit www.democracynow.org. August 8, 2017 Report: 6.5% of World's GDP Funneled into Fossil Fuel Subsidies --------------------------------------------------------------- In more climate news, a new study has revealed more than 6 percent of the world's GDP is poured into fossil fuel subsidies each year-a staggering amount of money that tops $5 trillion annually. The study was published in the journal World Development. .