Credit, Guardian In 2017, Fossil fuel gulped five point two trillion dollars in subsidies, an amount equal to roughly six point five percent of global GDP and half a trillion dollars from the total of 2015, when subsidies came to four point seven trillion dollars.
Our global system is such a complicated mess, full of Prisoner's Dilemmas everywhere. No nation wants to flinch on fossil fuel production, and no politician can stay in power for long if they push too fast for clean energy. We're stuck.
We're stuck. Nigeria removed fuel subsidies in May. It's been a complicated mess since then. Dilemmas face the president, and I wonder how he will stay in power for long. On the climate front, it's a good idea to remove subsidies. But we've become too dependent on fossil fuels, and subsidy removal hurts too many people.
Our global system is such a complicated mess, full of Prisoner's Dilemmas everywhere. No nation wants to flinch on fossil fuel production, and no politician can stay in power for long if they push too fast for clean energy. We're stuck.
We're stuck. Nigeria removed fuel subsidies in May. It's been a complicated mess since then. Dilemmas face the president, and I wonder how he will stay in power for long. On the climate front, it's a good idea to remove subsidies. But we've become too dependent on fossil fuels, and subsidy removal hurts too many people.
I hate how complicated it all is, but I love learning about it! Now that's a paradox.
Yes, it is a paradox.