Ronald Steenblik's avatar

Ronald Steenblik

@ronsteenblik.bsky.social

... in any of the internationally agreed definitions (UN, WTO) nor any national ones of which I am aware. The confusion the IMF has caused by conflating externalities with actual subsidies has been immense. Besides, my other point is that the IMF numbers do not relate to subsidies to the "fossil...

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Ronald Steenblik's avatar Ronald Steenblik @ronsteenblik.bsky.social
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...fuel industry" but rather to consumers of fossil fuels. The IMF numbers can be thought of as the additional amount, globally, that the IMF reckons the world's consumers should be paying in the form of higher prices and carbon and pollution taxes on the fuels and electricity they consume annually.

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