Forget “implicit” subsidies: Fossil fuels subsidize the whole world: feeding people and forests for free

The latest academic voodoo doll tossed at Fossil Fuels is a study claiming that the industry gets $65 billion in “implicit” subsidies in the US.

The authors of the latest paper assume the broken climate models work, and then guesstimate what the cost of all that theoretical warming would be with economic models that aren’t much better. It’s a paywalled paper, but they don’t appear to account for all the net benefits of coal, oil and gas which include, keeping people alive and fertilizing forests and fields around the world for free. These aren’t guesstimates from the future but known good and great gifts from the last century or two.

Greening the Earth. Zaichun Zhu, (2016)

Send them the bill: the fossil fuel companies are subsidizing taxpayers

How much is a hundred years of free fertilizer worth?

If only academic institutions were more than Big Gov advertising agencies they might also have considered that fossil fuel companies are never paid for their part in boosting agricultural yields, nor in greening the forests. Some 18 million square kilometers of Earths surface has more biomass. Arid regions of the world are 11% greener, mostly thanks to CO2 and deserts are […]

via JoNova

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March 25, 2021 at 02:15PM

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