Mon.Nov 07, 2022

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G20 still paying billions in fossil fuel subsidies

A Greener Life

Two-thirds of the G20’s public finance for energy went to fossil fuels in 2019–2020. Subsidies to the sector had fallen to $147bn in 2020 as the impacts of travel restrictions due to COVID-19 weakened demand, but they rebounded in 2021, rising by 29% to $190bn. Oil drilling rigs off Invergordon, Scotland. By Catherine Early.

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Understanding the Arguments Made by Climate Change Adaptation Pessimists: Part One

Environmental and Urban Economics

As we saw with the economy’s reorganization during the COVID crisis of 2020, markets adapt and change when new news occurs if government does not distort price signals. Why should tax payers on “higher ground” bail out risk takers over and over again? Why reward “bad behavior”?