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

submitted 11 months ago by alphacyberranger@lemmy.world to c/world@lemmy.world

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[-] grabyourmotherskeys@lemmy.world 22 points 11 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 11 months ago

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

[-] Serinus@lemmy.world 5 points 11 months ago

Eight years by my count.

[-] odunke01@lemmy.world 4 points 11 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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