New EU climate chief: 'The sooner fossil fuels become history, the better'
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New EU climate chief: 'The sooner fossil fuels become history, the better'::Former Shell man Wopke Hoekstra stressed the importance of phasing out fossil fuels and its subsidies
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Removing subsidies is a start.. they've never made any sense. If a company can't make money selling fuel then they must be the most incompetent company on earth.
This is just posturing for COP28 though.. makes good headlines but won't happen.. lots of countries talk tough before COP so they can claim it wasn't their fault when nothing is decided, again.
I think corporations will just pass on the cost to the consumers if they don’t get subsidies lol.
Given our reliance on it it’s a lot more than just basic supply and demand
yes, kind of the point.
While it would definitely, absolutely suck to be on the receiving end of the price hike, it would cause more and more people to finally switch to alternatives or use less of it, where possible.
Quick edit: Basically, move the subsidiaries from fossil fuels to renewables. Make that market cheaper for the people who need it
Remove the subsidies and institute an actual carbon price mechanism, and we'll see how quickly people begin to switch over.
It's a little late in the game to painlessly transition away from fossil fuels. I'd support programs to improve mass transit or provide gas cards to those that can barely keep gas in their vehicle as-is. Continuing the business-as-usual of running our nation on fossil fuels because it'll hurt someone's budget is a poor excuse.
Again, that’s the point. It doesn’t have to be painless. It has to get done.
The reliance thing is part of demand.