LQD: Fossil Fuel Subsidies

by ChrisCook
Wed Aug 4th, 2010 at 07:47:33 AM EST

New research shows real government subsidies for clean and dirty power

How can you tell when a politician is lying? First check to see if his/her lips are moving. New research has revealed that despite what they would have you believe, the world's governments subsidize the fossil fuel sector far more than they do renewables and biofuels. Indeed, the assistance delivered to the oil, coal, and other fossil fuel sectors makes a mockery of claims that government is serious about reducing carbon emissions. Hey folks, that's YOUR MONEY!


In my view the requirement is to monetise these subsidies through 'unitising' energy and applying a carbon levy to the use of non-renewables, thereby creating 'carbon pool' funds for direct investment in renewable energy (mega watts) and energy savings (negawatts).
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... be assessed throughout the steepest conceivable downturn, therefore the majority of the fee should be recycled in a Social Dividend to ensure progressive income impact at whatever rate required to meet the emissions target.

Utsukushikereba sore de ii
by BruceMcF (agila61 at netscape dot net) on Wed Aug 4th, 2010 at 10:58:04 PM EST


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