30 May '15, 9pm

Reflections From Below The Fossil Subsidy Iceberg: As close observers have long suspected,

Reflections From Below The Fossil Subsidy Iceberg: As close observers have long suspected,

Here’s IMF’s basic reasoning. If you incorporate what governments have to pay to clean up after companies burn oil, coal, and natural gas for power, you see that this factor has not been counted in the economic equation of using fossil fuels. Humans have to counter emissions of carbon dioxide and other pollutants in order to combat their harmful effects (air pollution, the greenhouse effect, climate change, and related disaster response, normally considered “externalities”). Government is usually pegged as the industry’s housekeeper. Until recently, the costs of remediation have been invisible. It turns out that they are unbelievably high.

Full article: http://cleantechnica.com/2015/05/30/reflections-fossil-su...

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