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Ronald Steenblik@ronsteenblik.bsky.social |
I hope you realise that $5.7 trillion of that $7 trillion are not "subsidies" by any standard definition of the term, but consumption-related externalities. The actual subsidies DID increase, but to $1.3 trillion (from around $0.7 trillion in 2021).
See: www.imf.org/-/media/File...
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Ronald Steenblik
@ronsteenblik.bsky.social
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Note: $1.2 trln of the $5.7 trln in externalities are "vehicle externalities", such as those related to traffic congestion and accidents. They would be at least that large if all vehicles on the world's roads were powered by batteries recharged with solar power. They are not specific to petroleum.
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