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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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Have you ever considered that first world nations are just going to use whatever energy source is the cheapest until it is no longer the cheapest?
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.