this post was submitted on 12 Sep 2023
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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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[–] dr_scientist@lemmy.world 25 points 11 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!

[–] Markimus@lemmy.world 9 points 11 months ago* (last edited 11 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.

[–] library_napper@monyet.cc 2 points 11 months ago

It would be even less if we created a carbon tax

[–] Uranium3006@kbin.social 20 points 11 months ago (3 children)

How about we take.that and spent it on climate change mitigation instead

[–] original_reader@lemm.ee 12 points 11 months ago

That would require thinking beyond immediate benefits and next quarter's bottom line. Too hard. /s

[–] MasterBlaster@lemmy.world 8 points 11 months ago

That would cost business owners money that could be used for padding their wallets. Can't do that.

[–] lntl@lemmy.ml 5 points 11 months ago

how about we do nothing and fight about stupid shit in the meantime?

[–] Drusas@kbin.social 16 points 11 months ago

This is disheartening.

[–] Flinch@hexbear.net 14 points 11 months ago
[–] Wage_slave@lemmy.ml 8 points 11 months ago (2 children)

Here in Alberta, Canada our Premier (moron with the biggest hat) has legitimately given hundred of millions to big oil companies under the guise of well clean up, future contracts, more work etc. etc. If you have a Texas hat, walked up to Danny Smith and stoof there with your lad in your hand (real or not) and demand money because you're oil, she'll ask how much and pull out my wallet.

most of these companies take the money and leave, not doing a fucking thing afterwards. Doing even less, if the money was to help clean up their fucking mess.

So there's that.

[–] zephyreks@hexbear.net 4 points 11 months ago (1 children)

Danielle Smith is the opposite of a fiscal conservative. Dumping $330m on the new Saddledome? Cleaning up for oil companies?

[–] TheMightyCanuck@sh.itjust.works 2 points 11 months ago

Lmao the saddle dome was a clear vote buying scheme. She was even quoted a couple years before stating that Calgary needs to pay for a new arena themselves and not ask the govt for a handout.

She's literally spineless and dumber than a brick.

[–] TheMightyCanuck@sh.itjust.works 2 points 11 months ago

Shitty smitty strikes again 😒

Can't believe we voted her into office after Cheeseburger randy got forced out

[–] Akosua@kbin.social 7 points 11 months ago

Difficult one for the Indian government - more business = more power required, but subsidies not acceptable

[–] Zippy@lemmy.world 3 points 11 months ago (1 children)

These subsidies are mostly implicit. Particularly in countries like the US, Canada etc. Implicit are basically environmental costs. The only countries that government actually is subsidizing growth to any extent are countries like Saudia Arabia, Iran, Russia. To a lesser extent you have Western nations like Germany and the UK that are subsisting energy to your house so you don't pay so much.

In other words the biggest cost or implicit subsidies as they call it is not subsidies to companies but the environmental costs us consumers do not pay to use energy.