Ronald Steenblik @ronsteenblik.bsky.social

The FT should do better fact-checking. The bulk of the IMF’s $7 trillion estimate of “fossil fuel subsidies” represents neither investment nor government expenditure on fossil fuels, unlike the other categories. $5.7 trillion are externalities, and of those, $1.2 trillion are vehicle externalities …

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Ronald Steenblik @ronsteenblik.bsky.social [ View ] May 12, 2024 at 19:16 UTC

… such as those related to traffic congestion and accidents. They are independent of the energy used to power vehicles and would be just as large if all vehicles on the road were EVs recharged with solar panels.

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