There is no free-market case for continued fossil fuel use, at least not at anywhere near the rate that we use FF today. We vastly underestimate the degree to which cleaner, cheaper sources are under-deployed because of these distorting subsidies.
https://www.theguardian.com/environment/2023/jun/15/vast-fossil-fuel-and-farming-subsidies-causing-environmental-havoc-world-bank?utm_medium=emailVast fossil fuel and farming subsidies causing ‘environmental havoc’
World Bank says subsidies costing as much as $23m a minute must be repurposed to fight climate crisis
The GuardianI often say that the United States does not, and never has had a coherent energy policy. You'll know we do when we stop simultaneously (massively) subsidizing resource extraction and (slightly) encouraging conservation.
This historic failure presents a huge opportunity though, should we choose to take it. Clean energy is cheap energy. Eliminating trillions of dollars of subsidies cuts deficits and cuts CO2 pollution.
https://thehill.com/opinion/congress-blog/4010802-the-problems-and-opportunities-with-us-energy-policy/
The problems — and opportunities — with US energy policy
What is the overarching goal of United States energy policy? Most of my colleagues in Washington would agree it’s to minimize energy cost and pollution, incentivize reliability and innovation, and—as much as possible—rely on domestic supply. And yet, what we actually do is at odds with those goals. Consider: The truth is that we’ve never…
The HillTo get there, we simply need to elect folks who put the interests of consumers over producers. Who don't view digging holes as economically productive just because people get paid to dig. Who see no conflict between economics and morality - but insist on both.