Two weeks ago it was said that the fossil fuel sector received up to 37 billion in annual subisidies, but it turns out to be even more
Two weeks ago it was said that the fossil fuel sector received up to 37 billion in annual subisidies, but it turns out to be even more
What would happen if one day those subsidies were to stop? I presume the fuel prices would triple, so that all consumer goods were to rise in price… but after giving it some time to stabilize, this would promote the move to sustainable/renewable fuel sources?
You just set up a false dichotomy there since an obvious alternative would be to nationalize the industry and to use the profits to build out renewable energy infrastructure.