Yeah, the level of state investment and subsidy in fossil fuel is absolutely ludicrous. If all of the money spent on subsidising fossil fuels was instead put into investment of renewables, that would DOUBLE the investments on renewables. It wouldn’t double the subsidy, it would double TOTAL SPENDING.
That is absolutely eye-watering to me.
If they want to keep fuel prices low, the best thing to do would be to nationalise all corporations in the fossilfuel industry - with a symbolic payment of $0.01 per share or something like that - and run them to completely forego profit and to put those companies intentionally into decline.
Yeah, the level of state investment and subsidy in fossil fuel is absolutely ludicrous. If all of the money spent on subsidising fossil fuels was instead put into investment of renewables, that would DOUBLE the investments on renewables. It wouldn’t double the subsidy, it would double TOTAL SPENDING.
That is absolutely eye-watering to me.
If they want to keep fuel prices low, the best thing to do would be to nationalise all corporations in the fossilfuel industry - with a symbolic payment of $0.01 per share or something like that - and run them to completely forego profit and to put those companies intentionally into decline.