"$7 Trillion dollars of subsidies [sic] in support of fossil fuels"

 

“What about all the subsidies!” [What about] the Guardian headlines hand-wringing over $7 Trillion dollars of subsidies [sic] in support of fossil fuels. The main source of this meme is the IMF ...

"Literally, 80% of the “subsidies” are what they’d like to charge oil and gas companies for things like the imaginary damage that CO2 does on simulated Earths in broken climate models. The IMF calls this 'implicit subsidies.' ... I might call it a brazen fake. ...

"The orange 'subsidies' are the total fantasies here. It really is that bad.

"Unbelievably, other parts of the '80% implicit subsidy block' even include things like the cost of traffic accidents, fatalities, congestion and wear and tear on the roads. Somehow when fossil fuels cause congestion, and we suffer a loss of productivity, that’s an implicit subsidy because the price of fuel was not efficient.

"The outrageous gall of this is so much that even hard-left Vox is uncomfortable and asks if this was a bit misleading of the IMF ... Maybe the IMF will accidentally solve congestion because everyone will give up and move to the country to grow cabbages?"

~ Jo Nova from her post 'The fantasy land of “Fossil Fuel Subsidies” where even a car accident, a traffic jam are a subsidy'