If the Govts stop subsidizing fossil fuels directly and indirectly (ethanol subsidies, defense budgets to protect fossil fuel assets and shipping) then we'll ha

If the Govts stop subsidizing fossil fuels directly and indirectly (ethanol subsidies, defense budgets to protect fossil fuel assets and shipping) then we'll have properly functioning energy markets. It will function perfectly if we price in the externalities: air pollution, climate change, energy security amnd terrorism. Why Are Governments Still Subsidizing Fossil Fuels? Last year, fuels that drive climate change and pollute the air were underpriced to the tune of $7 trillion. It’s hard to think of a more misguided policy: https://www.bloomberg.com/opinion/articles/2023-10-16/climate-change-why-are-governments-still-subsidizing-fossil-fuels https://www.bloomberg.com/opinion/articles/2023-10-16/climat... Air Pollution Kills 10 Million People a Year. Why Do We Accept That as Normal? https://www.nytimes.com/2022/07/08/opinion/environment/air-pollution-deaths-climate-change.html https://www.nytimes.com/2022/07/08/opinion/environment/air-p... more than 80 countries have policies that support biofuel demand: https://www.iea.org/energy-system/low-emission-fuels/biofuels https://www.iea.org/energy-system/low-emission-fuels/biofuel...