G20 states subsidised fossil fuels by $3T since 2015, says report

Re:G20 states subsidised fossil fuels by $3T since 2015, say... by ZeroGravitas on Friday August 06, 2021 @12:22PM (#28089315)

This feels like a rebuttal, but it's not clear to me what you're trying to say.

That a subsidy isn't a subsidy if it is given to more than one defined group?

That tax breaks aren't subsidies?

That cutting subsidies on something has a similar impact as raising taxes?

That raising taxes on things you want to discourage is bad? Or ineffective?

[ Parent | on HN ]

Re:G20 states subsidised fossil fuels by $3T since 2015, say... by MattGaiser on Friday August 06, 2021 @12:46PM (#28089693)

When I first read these reports, I got the impression that oil and gas was getting cash from the government or specific tax breaks. That 3T in tax dollars was collected and using a narrow definition of subsidy, paid to them or using a wider definition of it, fairly specific tax breaks.

My thinking was that the government was actively supporting oil and gas over solar.

Really what most of the 3T is consists of general business deductions that any business can get and negative externality calculations.

[ Parent | on HN ]