News for hackers. Stuff that matters.

A comment on Just 10% of fossil fuel subsidy cash 'could pay for green transition'. Parent comment

Re:Just 10% of fossil fuel subsidy cash 'could pay for green... by goatinaboat on Thursday August 01, 2019 @05:06PM (#20588374)
Wouldn't taxes be able to come down by a commensurate amount?

No, because the “subsidy” is just that some people feel that taxes on fuel should be higher. Nowhere is the price of fuel less than the cost of extracting and refining it, which it would be if it were a true subsidy.

[ Parent | on HN ]
Re:Just 10% of fossil fuel subsidy cash 'could pay for green... by gizmo686 on Thursday August 01, 2019 @09:04PM (#20589895)
No, there are explicit subsidies given to fossil fuels. https://www.treasury.gov/open/Documents/USA%20FFSR%20progres...
[ Parent | on HN ]
Re:Just 10% of fossil fuel subsidy cash 'could pay for green... by reitzensteinm on Thursday August 01, 2019 @10:58PM (#20590391)
While true, those numbers are tiny. When people talk about fossil fuel subsidies, they're usually talking about the externalities not being accounted for, or the cost of wars/military.
[ Parent | on HN ]