Study: Global Warming Solvable If Fossil Fuel Subsidies Given To Clean Energy 385
An anonymous reader writes A research team at the International Institute for Applied Systems Analysis in Laxenburg, Austria, says it has studied how much it would cost for governments to stick to their worldwide global warming goal. They've concluded that for "a 70 per cent chance of keeping below 2 degrees Celsius, the investment will have to rise to $1.2 trillion a year." Where to get that money? The researchers say that "global investment in energy is already $1 trillion a year and rising" with more than half going to fossil fuel energy. If those subsidies were spent on renewable energy instead, the researchers hypothesize that "global warming would be close to being solved."
Re: How about (Score:0, Informative)
The reduction of government is such an obvious good that it's practically axiomatic. The evidence is overwhelming.
Re:You think? (Score:3, Informative)
Today on /. we find out who doesn't know the difference between subsidies, tax deductions, tax breaks, and taxes.
From the linked CNN article above:
Among other things, the measure killed on Thursday would have ended oil production's categorization under the tax code as a form of domestic manufacturing eligible for a deduction worth 6% of net income, according to New Jersey Democratic Sen. Robert Menendez, the bill's author.
The measure also would have prevented oil companies from claiming foreign royalty payments as a credit against American taxes, and cut the ability of companies to deduct numerous costs associated with the drilling process.
So we have a bunch of tax deductions that literally every company in the country is eligible for, but when the oil industry takes them they become subsidies and are bad.
Wow.....
Re:No such thing as 'catastrophic man-made... (Score:5, Informative)
... global warming'...
But I'm amazed these retards actually used the phrase 'global warming', since the new accepted LIE is to use the deliberately misleading phrase 'climate change', which is MEANT to mean "catastropic man-made global warming', and is IMPLIED every time they use it...
Just go to www.climatedepot.com and start reading the truth about this ridiculous 'global warming' scam. These 'scientists' are just shysters in it for the money, and my, doesn't it show.
ClimateDepot is a shell website created by the "Committee for a Constructive Tomorrow," a think tank funded by crackpot Richard Mellon Scaife (you might remember him from every fake Clinton scandal ever) and Exxon Mobil.
It's ran by Marc Morano, an ex-producer of Rush Limbaugh's show, which should tell you about as much as you need to know about it's journalistic ethics.
In short, ClimateDepot is a fake website designed to sucker idiots like you into believing there's some sort of "other side" to the climate change "debate" -- when in reality there isn't. But then again, 90% of the Climate Deniers I have met are in it just to piss off liberals in some sort of psychotic ignorant tribalism, so... perhaps I waste my breath.