The opportunity costs of corporate welfare (subsidies) (user search)
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  The opportunity costs of corporate welfare (subsidies) (search mode)
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Author Topic: The opportunity costs of corporate welfare (subsidies)  (Read 1718 times)
pbrower2a
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« on: December 28, 2022, 03:35:33 AM »

Every year the global fossil fuel industry is subsidised by governments to the tune of US$5.9 trillion, according to the International Monetary Fund.

No, the IMF's report is that $5.9T represents the total economic and social cost of fossil fuel.  The only way you get a number so high is by counting global warming, local pollution, traffic congestion and road accidents as the "implicit" social costs of fossil fuels.  Including traffic congestion and road accidents as an "opportunity cost" here is quite questionable, since electric vehicles also contribute to congestion and road deaths.   

Explicit government subsidies for fossil fuels are less than $500 billion per year (and the overwhelming majority of that is by governments in the Middle East + Russia, not the U.S.) 

That's what I said:
Most of the 'corporate welfare' to the fossil fuel industrry, was in the form of not charging the industry for their negative externalities, rather than in any direct subsidies.

Do we make other industries pay for their negative externalities?  is it too politically inconveninet to account for the negative externalities of EVs?   

Well, if you are calling for greater government regulations as well, sure we have that. There are laws that mandate that EVs make noise so that they can be heard because they are otherwise completely silent which is a safety hazard.

Otherwise, all I can see you doing is some sort of silly game of false equivalence. EVs produce nowhere near the amount of negative externalities as the fossil fuel sector does.

Dead bodies of pedestrians and cyclists are hard to measure as "externalities". In some work settings, moving machines give off sounds as warnings. Gas buggies are noisy by nature, but electric engines are not. 
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