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Politics : Formerly About Advanced Micro Devices
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pocotrader
To: Maple MAGA who wrote (1188893)12/29/2019 10:39:09 AM
From: Wharf Rat1 Recommendation  Read Replies (5) of 1570734
 
"If you read the text of Greta’s prepared speech you see it really boils down to cash payments"
Payments to oil companies, payments to coal companies, payments to NG producers...

GLOBAL FOSSIL FUEL SUBSIDIES REACH $5.2 TRILLION ($29 BILLION IN AUSTRALIA).

“New analysis commissioned by the International Monetary Fund has shown that global fossil fuel subsidies continue to grow, despite the growing urgency of the need to decarbonise the global economy. The IMF estimates that annual energy subsidies in Australia total $29 billion, representing 2.3 per cent of Australian GDP. On a per capita basis, Australian fossil fuel subsidies amount to $1,198 per person. The under-pricing of fossil fuels, particularly coal, was found to be the largest source of effective subsidy. When the wider social and environmental costs of fossil fuels were taken into account, the IMF found that price paid for coal was typically less than half of its true cost. The battle over energy subsidies has been a feature of Australian politics over recent years, with conservative politicians attacking renewable energy subsidies.”

reneweconomy.com.au
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