Just 10% of fossil fuel subsidy cash 'could pay for green transition'
1–10 of 25 posts
Re: Just 10% of fossil fuel subsidy cash 'could pay for green transition'
#2What would the impact be if we just eliminate fossil fuel subsidies?
Re: Just 10% of fossil fuel subsidy cash 'could pay for green transition'
#3What would the impact be if we just eliminate fossil fuel subsidies?
Lots of high-paying jobs would immediately be eliminated. Millions of people driving gas cars would see prices go up a lot. Airline tickets, plastic products... the prices of everything would go up.
There would also be big national security concerns. It's hard to hold, for example, Saudi Arabia accountable for misdeeds when your economy depends on them.
For the record, I think the US should do this gradually. Some of the money could go toward welfare and unemployment benefits for people negatively impacted by job losses or price increases.
Re: Just 10% of fossil fuel subsidy cash 'could pay for green transition'
#4What would the impact be if we just eliminate fossil fuel subsidies?
Depends. Which ones specifically are you talking about?
Re: Just 10% of fossil fuel subsidy cash 'could pay for green transition'
#5What would the impact be if we just eliminate fossil fuel subsidies?
Lots of high-paying jobs would immediately be eliminated. Millions of people driving gas cars would see prices go up a lot. Airline tickets, plastic products... the prices of everything would go up. There would also be big national security concerns. It's hard to hold, for example, Saudi Arabia accountable for misdeeds when your economy depends on them. For the record, I think the US should do this gradually. Some of…
Let's not forget all the senior citizens who rely on income from investments in fossil fuel companies, this includes most of the parents of the under 45 who like to say, "screw the oil companies"
Re: Just 10% of fossil fuel subsidy cash 'could pay for green transition'
#6What would the impact be if we just eliminate fossil fuel subsidies?
Lots of high-paying jobs would immediately be eliminated. Millions of people driving gas cars would see prices go up a lot. Airline tickets, plastic products... the prices of everything would go up. There would also be big national security concerns. It's hard to hold, for example, Saudi Arabia accountable for misdeeds when your economy depends on them. For the record, I think the US should do this gradually. Some of…
Wouldn't taxes be able to come down by a commensurate amount?
Isn't fossil fuel subsidies just a way to spread the cost from those who consume the fuel (directly or indirectly) to those who don't?
Re: Just 10% of fossil fuel subsidy cash 'could pay for green transition'
#7What would the impact be if we just eliminate fossil fuel subsidies?
Lots of high-paying jobs would immediately be eliminated. Millions of people driving gas cars would see prices go up a lot. Airline tickets, plastic products... the prices of everything would go up. There would also be big national security concerns. It's hard to hold, for example, Saudi Arabia accountable for misdeeds when your economy depends on them. For the record, I think the US should do this gradually. Some of…
Okay, so human beings would be negatively impacted (to some degree).
But how would you assess impact on the climate crisis (per se)?
Re: Just 10% of fossil fuel subsidy cash 'could pay for green transition'
#8Earlier quoted context omitted.
Lots of high-paying jobs would immediately be eliminated. Millions of people driving gas cars would see prices go up a lot. Airline tickets, plastic products... the prices of everything would go up. There would also be big national security concerns. It's hard to hold, for example, Saudi Arabia accountable for misdeeds when your economy depends on them. For the record, I think the US should do this gradually. Some of…
Let's not forget all the senior citizens who rely on income from investments in fossil fuel companies, this includes most of the parents of the under 45 who like to say, "screw the oil companies"
Or sell those assets now before they depreciate: divest from fossil fuel and invest in in sustainable energy.
Re: Just 10% of fossil fuel subsidy cash 'could pay for green transition'
#9Earlier quoted context omitted.
Lots of high-paying jobs would immediately be eliminated. Millions of people driving gas cars would see prices go up a lot. Airline tickets, plastic products... the prices of everything would go up. There would also be big national security concerns. It's hard to hold, for example, Saudi Arabia accountable for misdeeds when your economy depends on them. For the record, I think the US should do this gradually. Some of…
Let's not forget all the senior citizens who rely on income from investments in fossil fuel companies, this includes most of the parents of the under 45 who like to say, "screw the oil companies"
They can literally put in a sell order at any time
Re: Just 10% of fossil fuel subsidy cash 'could pay for green transition'
#10[deleted]