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If we stop fossil fuels subsidies, that will be the end of fossil fuels, no need to discuss and plan. Last year, fuels that drive climate change and pollute th

• rayiner 3y ago
  That $7 trillion number is based on a methodology that counts not taxing externalities as a subsidy. I think that’s an economically reasonable way to look at it. But that’s not an appropriate definition in this context. Eliminating express subsidies (to make fuel cheaper) is going to be much easier in terms of “discussing and planning” than adding carbon taxes and the like to address implicit subsidies.
  • ls612 3y ago
    It’s also vastly inflating the external cost of carbon by using unrealistic discount rates and damage functions. The total externality size that DICE models find is something like $1.5 trillion per year, out of a global economy of ~$150 trillion.