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Ronald Steenblik @ronsteenblik.bsky.social

Not sure from where you're getting that $750 billion number, but it looks like an approximation of the IMF estimate of fossil fuel "subsidies" for 2022, which it claims were $757 billion. Problem is, only $3 billion of those are producer subsidies. The rest, $757 billion are how much more the IMF...

sep 10, 2025, 1:01 pm • 0 0

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Ronald Steenblik @ronsteenblik.bsky.social

... reckons U.S. CONSUMERS should have paid in (non-existent) carbon and other taxes on the energy they consumed. Of that amount, about 55% relates to carbon and pollutant emissions. But 45% relates not to combustion but to driving. Yet those "vehicle externalities" — the social costs of traffic ...

sep 10, 2025, 1:01 pm • 0 0 • view
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Ronald Steenblik @ronsteenblik.bsky.social

... congestion (mainly wasted time in traffic) and accidents — would have been just as large if all 🚗s on U.S. roads were EVs. They are not externalities, much less subsidies, "to fossil fuels". A more credible, and well-documented, estimate of U.S. FF subsidies was published yesterday by OCI:

sep 10, 2025, 1:05 pm • 1 0 • view