this post was submitted on 12 Sep 2023
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Global Fossil Fuel Subsidies Rise to $7 Trillion in 2022, Exacerbating Climate Crisis (www.mercomindia.com)
submitted 10 months ago by [email protected] to c/[email protected]
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The IMF report said that explicit subsidites have more than doubled since its previous assessment, from $0.5 trillion to $1.3 trillion in 2022.

It's a bold strategy Cotton, let's see if it pays off for them

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[–] [email protected] 24 points 10 months ago (2 children)

If you liked that, you're going to love this. It's almost exactly the price tag to switch - completely - to renewables.

https://e360.yale.edu/digest/the-global-price-tag-for-100-percent-renewable-energy-73-trillion

I know, I know, many studies, many different amounts, but come on! Let's try!

[–] [email protected] 9 points 10 months ago* (last edited 10 months ago)

7 trillion is not 73 trillion.

Edit: Just saw the 7.8 trillion figure for the US to switch to 100% renewables by 2050. That’s a long time to wait.

[–] [email protected] 2 points 10 months ago

It would be even less if we created a carbon tax