by Summary:
The world would be richer and healthier if the full costs of fossil fuels were paid, according to a new report from the International Monetary Fund By Tim Dickinson The United States has spent more subsidizing fossil fuels in recent years than it has on defense spending, according to a new report from the International Monetary Fund. The IMF found that direct and indirect subsidies for coal, oil and gas in the U.S. reached 9 billion in 2015. Pentagon spending that same year was 9 billion. The study defines “subsidy” very broadly, as many economists do. It accounts for the “differences between actual consumer fuel prices and how much consumers would pay if prices fully reflected supply costs plus the taxes needed to reflect environmental costs” and other damage, including
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
The world would be richer and healthier if the full costs of fossil fuels were paid, according to a new report from the International Monetary FundThe world would be richer and healthier if the full costs of fossil fuels were paid, according to a new report from the International Monetary Fund By Tim Dickinson The United States has spent more subsidizing fossil fuels in recent years than it has on defense spending, according to a new report from the International Monetary Fund. The IMF found that direct and indirect subsidies for coal, oil and gas in the U.S. reached 9 billion in 2015. Pentagon spending that same year was 9 billion. The study defines “subsidy” very broadly, as many economists do. It accounts for the “differences between actual consumer fuel prices and how much consumers would pay if prices fully reflected supply costs plus the taxes needed to reflect environmental costs” and other damage, including
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
New Economics Foundation writes Building hope
New Economics Foundation writes Are oil and gas workers the coalminers of our generation?
Mike Norman writes Tariffs As A Fiscal Tool? — Brian Romanchuk
John Quiggin writes Trump’s dictatorship is a fait accompli
By Tim Dickinson
The United States has spent more subsidizing fossil fuels in recent years than it has on defense spending, according to a new report from the International Monetary Fund.
The IMF found that direct and indirect subsidies for coal, oil and gas in the U.S. reached $649 billion in 2015. Pentagon spending that same year was $599 billion.
The study defines “subsidy” very broadly, as many economists do. It accounts for the “differences between actual consumer fuel prices and how much consumers would pay if prices fully reflected supply costs plus the taxes needed to reflect environmental costs” and other damage, including premature deaths from air pollution.
Roling Stone