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Some of the things people call subsidies aren't. That depends on who you read. "Hundreds of billions" maybe, worldwide, if you include every tax item related ev
by ArkyBeagle 11y ago
Some of the things people call subsidies aren't. That depends on who you read. "Hundreds of billions" maybe, worldwide, if you include every tax item related even peripherally to energy related industries.
The Wikipedia article on this subject is all over the map:
https://en.wikipedia.org/wiki/Energy_subsidies https://en.wikipedia.org/wiki/Energy_subsidies
The problem is that low fossil fuel prices support people of low income. And if (say) you and I are roughly in the same income band, your spending on alts effectively subsidized my use of fossil through demand reduction.
- toomuchtodo 11y ago> The problem is that low fossil fuel prices support people of low income. And if (say) you and I are roughly in the same income band, your spending on alts effectively subsidized my use of fossil through demand reduction. Solution: Carbon tax with an income tax rebate
- ArkyBeagle 11y agoPossibly. Or a carbon tax that replaces (part of) income tax/VAT. For now, carbon taxes appear to be profoundly politically infeasible.