Fossil fuel subsidies in Australia
Federal and state government assistance to fossil fuel producers and major users 2020-21
Australian fossil fuel subsidies hit $10.3 billion in 2020-21
In 2020-21, Australian Federal and state governments provided a total of $10.3 billion worth of spending and tax breaks to assist fossil fuel industries. The $7.8 billion cost of the fuel tax rebate alone is more than the budget of the Australian Army. Over the longer term, $8.3 billion is committed to subsidising gas extraction, coal-fired power, coal railways, ports, carbon capture and storage, and other measures.