@camilotejeiro.bsky.social
Reposted
As the article says, this matters for how we think about policy interventions. The way to tackle externalities is to put a price on them. There is a strong argument for both reducing direct subsidies for fossil fuels and introducing a pollution and carbon price: ourworldindata.org/carbon-price
The argument for a carbon price
We are paying a price for fossil fuels, but that price is not paid by those that burn the fossil fuels – we need to change that.
ourworldindata.org
January 27, 2025 at 1:37 PM
As the article says, this matters for how we think about policy interventions. The way to tackle externalities is to put a price on them. There is a strong argument for both reducing direct subsidies for fossil fuels and introducing a pollution and carbon price: ourworldindata.org/carbon-price
Reposted
You might have heard that fossil fuels receive $7 trillion in subsidies according to the IMF.
What does that number include?
→ a mix of explicit subsidies and the IMF's estimate of the cost of externalities (e.g. air pollution).
This new article presents the data and breaks down the estimates 👇
What does that number include?
→ a mix of explicit subsidies and the IMF's estimate of the cost of externalities (e.g. air pollution).
This new article presents the data and breaks down the estimates 👇
How much subsidies do fossil fuels receive?
Estimates range from less than $1 trillion to $7 trillion. Where do these numbers come from?
ourworldindata.org
January 27, 2025 at 1:31 PM
You might have heard that fossil fuels receive $7 trillion in subsidies according to the IMF.
What does that number include?
→ a mix of explicit subsidies and the IMF's estimate of the cost of externalities (e.g. air pollution).
This new article presents the data and breaks down the estimates 👇
What does that number include?
→ a mix of explicit subsidies and the IMF's estimate of the cost of externalities (e.g. air pollution).
This new article presents the data and breaks down the estimates 👇
With the ongoing unpredictability of trade with the US, and alongside their current efforts, shouldn't Canada more actively work to expand its trading partnerships with other countries to diversify economic risk?
January 21, 2025 at 4:19 AM
With the ongoing unpredictability of trade with the US, and alongside their current efforts, shouldn't Canada more actively work to expand its trading partnerships with other countries to diversify economic risk?