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Good to know that our reliance on fossil fuels is a result of "central planning". Globally, fossil fuel subsidies were $5.9 trillion in 2020 or about 6.8 perce
by the_why_of_y 2y ago
Good to know that our reliance on fossil fuels is a result of "central planning".
Globally, fossil fuel subsidies were $5.9 trillion in 2020 or about 6.8 percent of GDP
https://www.imf.org/en/Publications/WP/Issues/2021/09/23/Still-Not-Getting-Energy-Prices-Right-A-Global-and-Country-Update-of-Fossil-Fuel-Subsidies-466004 https://www.imf.org/en/Publications/WP/Issues/2021/09/23/Sti...
- snapplebobapple 2y agoThose are not the same kind of subsidy. there is quite a lot more ambiguity and uncertainty in the type of subsidy because it is claiming mispricing of externalities (i.e your usage caused x harm and you didnt pay for x harm) rather than the variety the renewables industry mostly gets which is a direct injection of cash through grants and various price supports.