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The world came tantalizingly close to a deal to phase out fossil fuels
(www.theverge.com)
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this post was submitted on 13 Dec 2023
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They can make energy sources cheaper or more expensive and even do so.
How?
Funneling subsidies and tax breaks from fossil fuel to sustainable energy sources. In the Netherlands alone, the around 40 billion euros are spent by the government each year directly or indirectly subsidizing fossil fuel.
Kerosine airplane fuel is untaxed for example, while consumer car fuel comes with a 20% (ish) tax.
Subsidies don't actually make something cheaper, it just shifts the burden to the taxpayer.
Taxing fossil fuels to the point where they are no longer the cheapest option is a nation shooting itself in the foot, which is why none of them do it.
It's not just about price for the individual. It's about economic expansion.
Sure it shifts the burden to the taxpayer and I would like my tax money to be spent on other things please.
Companies aren’t going to change their policies voluntarily, it’s up to governments to make better decisions with my money and make other options more viable.
It's not just companies though. It's states.
Militaries, for example, would not be able to improve as quickly if we forewent the cheapest energy sources or made them artificially expensive.
Charging them for the negative externalities. Like coal kills way more people than nuclear but there’s no tax on coal plants for the harm caused.
Then you're artificially increasing the cost of the fuel.
It's still going to be absolutely cheaper than alternatives.
Putting a tax on externalities isn’t artificially increasing the cost of the fuel. It’s fixing a market failure.
I'm sorry, what?
Pollution has a cost to society. Someone has to pay for it. Putting that cost on the polluter is the most efficient way to handle it.
For example, a business routinely dumps its toxic waste into a watershed, polluting that watershed and imposing huge costs on all the other users of the watershed that require non-toxic water. As this lowers the 'market price' for the goods produced by the business, the incentive is to always do this rather than pay the cost of safely processing the toxic waste. See for example the massive PFA problems. Here: https://www.usgs.gov/news/national-news-release/tap-water-study-detects-pfas-forever-chemicals-across-us
Allowing fossil fuels to not pay their use costs is artificially decreasing the cost.
I totally agree, but nations won't understand that because they are modern-day fiefdoms.
Their main purpose is to support their ruling class. Funnel as much money as quickly as possible.