Massive coal subsidies here that many try to sweep under the...

  1. 6,783 Posts.
     Massive coal subsidies here that many try to sweep under the carpet.
    The subsidies that renewables have received are insignificant compared to these!


    "Fossil
    fuel subsidies are large, amounting to 6.5% of global GDP in 2015.

    Coal subsidies account for the largest part (about half) of global subsidies.

    Estimated subsidies are $4.9 trillion worldwide in 2013 and $5.3 trillion in 2015 (6.5% of global GDP in both years). Undercharging for global warming accounts for 22% of the subsidy in 2013, air pollution 46%, broader vehicle externalities 13%, supply costs 11%, and general consumer taxes 8%. China was the biggest subsidizer in 2013 ($1.8 trillion), followed by the United States ($0.6 trillion), and Russia, the European Union, and India (each with about $0.3 trillion). Eliminating subsidies would have reduced global carbon emissions in 2013 by 21% and fossil fuel air pollution deaths 55%, while raising revenue of 4%, and social welfare by 2.2%, of global GDP."


    https://www.sciencedirect.com/science/article/abs/pii/S0305750X16304867
 
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