Cool, lets remove all subsidies from fossil fuel and nuclear power generation, including making them clean up their pollution instead of externalizing those costs, and lets see how well that goes.
They only need subsidies because the costs of fossil fuels get externalized. If every fossil fuel company had to sequester all the CO2 they just dump into the atmosphere, they would probably go bankrupt.
Cool, lets remove all subsidies from fossil fuel and nuclear power generation, including making them clean up their pollution instead of externalizing those costs, and lets see how well that goes.
Yeah, they should. I’m all for that.
The difference is that mining is still incredibly profitable without subsidies. They shouldn’t be getting subsidies. They don’t need them.
Renewables, on the other hand, need subsidies. Without them investment in renewables dries up because it’s not profitable.
They only need subsidies because the costs of fossil fuels get externalized. If every fossil fuel company had to sequester all the CO2 they just dump into the atmosphere, they would probably go bankrupt.