david roberts
New study: even successful efforts to raise fossil fuel prices are often reversed, "with subsidies returning to prereform levels within the first 12 months 62% of the time, and within 5 years 87% of the time." Political leadership plays little role. 🤷‍♂️
https://www.pnas.org/doi/full/10.1073/pnas.2208024119
Nov 17, 2022 at 5:58amWeb
Show threaddavid robertsNov 17, 2022
Study via @[email protected]'s newsletter.
Show threaddavid robertsNov 17, 2022
"...leaders of all types find it exceptionally hard to raise the cost of fossil fuels for consumers. To promote deep decarbonization, leaders are likely to have more success w/ other types of policies, such as reducing the costs & increasing the availability of renewable energy."
Show threaddavid robertsNov 17, 2022
Poor economists.