Fossil fuels are only as cheap as they are because of subsidies. We should remove the fossil fuel subsidies from the equation then if we want to talk actual cost.
That’s about $30 Billion each year in the US, $660 Billion or so internationally. And that’s only direct subsidies. Granted, that’s total fossil fuel subsidies not just energy related, it’s much more complicated to split it out, and this is a random Lemmy comment so not worth the time.
And since we don’t really tax carbon pollution at any discernable level, if we actually required that to be included for the environmental damage from fossil fuel energy production, since we do require nuclear plants to plan for their waste production, it wouldn’t be even close to competitive at all.
Fossil fuels are only as cheap as they are because of subsidies. We should remove the fossil fuel subsidies from the equation then if we want to talk actual cost.
That’s about $30 Billion each year in the US, $660 Billion or so internationally. And that’s only direct subsidies. Granted, that’s total fossil fuel subsidies not just energy related, it’s much more complicated to split it out, and this is a random Lemmy comment so not worth the time.
And since we don’t really tax carbon pollution at any discernable level, if we actually required that to be included for the environmental damage from fossil fuel energy production, since we do require nuclear plants to plan for their waste production, it wouldn’t be even close to competitive at all.
Isn’t most new power generation being built renewables?
I agree that fossil fuels should lose their subsidies and pay for the damage they’re causing to our environment.