Re:Google and Facebook blocking wind farm because it will ra...
by 988747 on Monday June 13, 2022 @10:31AM
(#31726149)
What are you even referring to when talking about "subsidizing fossil fuels"? Aren't they heavily taxed in the most of the world?
Re:Google and Facebook blocking wind farm because it will ra...
by atonse on Monday June 13, 2022 @10:38AM
(#31726259)
I looked for some decent (non-partisan) sources on this [1] and was surprised that the number was so "small" in the US (given how large the industry is): $21bn. But about $290bn worldwide, down from $500bn in 2013. So they're on the downward trend which is promising.
Whenever we see the multi trillion dollar numbers, they are counting "implicit" subsidies to me feels a bit more vague. I'm not sure how this compares to renewable energy subsidies. But they work in increasing adoption. I'd be ok with having those sunset too once they reach ubiquity like fossil fuels.
[1]: https://www.brookings.edu/research/reforming-global-fossil-f...
Re:Google and Facebook blocking wind farm because it will ra...
by thomasguide on Monday June 13, 2022 @10:37AM
(#31726239)
In the U.S., which is among the largest oil producer as of recent years, the fossil fuel industry is heavily subsidized.[1]
[1]https://e360.yale.edu/digest/fossil-fuels-received-5-9-trill...
Re:Google and Facebook blocking wind farm because it will ra...
by atonse on Monday June 13, 2022 @10:39AM
(#31726273)
I found this same link in just doing some research for my sibling reply, but they mentioned a lot of that $5.9tn is "implicit" (like not counting the health harms) – that feels a bit more iffy to me though.
The problem is that there is no such thing as a truly "Free" market, there are a lot of invisible hands tipping many scales.
Also, this sentence didn't make much sense to me:
"on a project it says will help in its efforts to trim carbon emissions by 75% compared to 2005 levels."
Why are we comparing to 2005 levels? Why not something more recent? That's extremely suspicious. Is that before we started moving a bunch of things over from coal to gas?