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U.N. chief calls for an end to $7 trillion in fossil fuel subsidies (www.cnbc.com)

submitted 9 months ago by alphacyberranger@lemmy.world to c/world@lemmy.world

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[-] kinther@lemmy.world 62 points 9 months ago

We absolutely should be ending subsidies on fossil fuels, the meat industry, and other polluters. This will cause a ripple effect on the cost of everyday items and the standard of living globally, so of course there will be those that say it can't be done. The problem is the game of musical chairs will eventually end, either when we're completely fucked or at a time of our choosing.

[-] grabyourmotherskeys@lemmy.world 22 points 9 months ago

Ask they have to do is scale back 1% the first year, 2% the next, etc. The second it looks like a long term investment won't pay off they'll stop making them. Then we'll see supply chain issues slowly increase which will force fleet vehicle purchases over to electric or hydrogen faster.

That will spread into the personal vehicle market.

Demand will reduce for IC vehicles and so on.

You don't need to make massive changes to have a big impact over time. The problem is every thinking this will get you shouted down by almost anyone with real money.

The thing to do is also incentivize them to invest in the new, growing opportunities but again they want too, but without giving anything up.

[-] Honytawk@lemmy.zip 2 points 9 months ago

Then ending subsidies would take 100 year, which is way too slow.

[-] Serinus@lemmy.world 5 points 9 months ago

Eight years by my count.

[-] odunke01@lemmy.world 4 points 9 months ago

1, 2, 3, 4, 5, 6, 7, 8, 9, 10 (after 10 years = 55%) 11, 12, 13 (91%) 14 years = 105% (Hey now they can start paying us /s)

Or is my math/understanding wrong?

this post was submitted on 20 Sep 2023

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