Europe and the rest of the world is paying something closer to the true cost of using fossil fuels. Although, with compounding climate change, prices are not ke

Europe and the rest of the world is paying something closer to the true cost of using fossil fuels. Although, with compounding climate change, prices are not keeping up. They are, in effect, subsidizing North America and China's addiction to cheap fossil fuels, which are cheap because externalities are not priced in, and are additionally subsidized by NA governments.