|When we look at the cost of fossil fuels versus renewables, we have to take massive subsidies into account. The IMF finds governments subsidize fossil fuels to the tune of $10 million per minute. Moreover, that figure exceeds the amount governments pay for health care.
And, to add insult to injury, that's a lowball estimate which doesn't include the effects of Climate Change caused by the burning of fossil fuels into account.
The Guardian newspaper reports:
It's clear that we need to end subsidies for energy in general. Without the flow of public money into fossil fuels, the free market will steer the course toward replacement by renewables. It's the natural way the free market steers us toward a healthy fossil fuelless future.
Thursday, May 21, 2015
Fossil Fuel Subsidies Run At Least $10 Million Every Minute
Posted by Unknown at 14:35