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by brc
4262 days ago
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Those oil, has and coal subsidy numbers are completely bogus if they are generated from the iea numbers. Iea is just a solar/wind lobbying front - and the bulk of the numbers are made from countries like Saudi Arabia and Iran directly subsidising the cost of petrol for their citizens. It is laughable for anyone to suggest that oil, coal or gas energy is subsidised when these numbers are calculated on wooly figures like access to land, or tax deductibility of research - the same rules that apply to all companies, software companies included. The simple fact is that oil, gas and coal energy generates a magnitude more tax revenue than it ever gets in irritating or indirect subsidies, while the 'renewables' sector only ever takes subsidies and doesn't return net tax. This is plainly obvious based on the per mw/h cost of these technologies - there is no magic formula involved in selling something below average cost of production an making a profit, no matter how much volume you do. |
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You can't have your cake and eat it too. If you want to bring government subsidies for renewable into the discussion, you also have to consider the externalized cost of legalized pollution. The only defensible calculation is to look at cost per kilowatt hour excluding government subsidies and including externalized costs. That's the true economic cost of the energy source.
And coal is miserable on that front. I wouldn't be surprised if coal use is a net loss to the economy (i.e. the value of the energy generated by coal is less than the environmental cost of coal use).