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by the_why_of_y 751 days 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/Sti...

1 comments

Those 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.