IMF has a brilliant idea... Remove all petrol subsidies and huat la huat la to the moon.. Cheers

[k1976]

The more interesting element of the IMF report, however, is the conclusion that some $5 trillion of the total it estimated for global hydrocarbon subsidies is in the form of unpaid compensation for harm done by hydrocarbon use.

According to the fund, it is the affordability of hydrocarbons that is the problem. And this affordability is supported by direct subsidies. The solution to this problem is price reform.

"Full fossil fuel price reform would reduce global carbon dioxide emissions to an estimated 43 percent below baseline levels in 2030 (in line with keeping global warming to 1.5-2oC), while raising revenues worth 3.6 percent of global GDP and preventing 1.6 million local air pollution deaths per year."

In other words, the IMF proposes that governments make hydrocarbons too expensive to use in order to remedy the harm they do to the environment and people, and to reach Paris Agreement temperature goals.

Indeed, the IMF believes all forms of subsidies for the industry need to go. "We estimate that scrapping explicit and implicit fossil-fuel subsidies would prevent 1.6 million premature deaths annually, raise government revenues by $4.4 trillion, and put emissions on track toward reaching global warming targets."

 

[k1976]

It's a tricky situation, and not everyone agrees that the solution lies in shrinking the supply of oil and gas by making them less affordable. In fact, some are of the opinion that the main object of governments' attention should be the demand side of the energy equation.

The EU recently hosted a conference on what proponents call "degrowth" and what ultimately comes to people learning to make do with less of everything, including energy. There have been tentative calls for lower consumption in the U.S. and Canada, too, with the latest such call not really tentative at all, coming from the editorial board of the Globe and Mail.

"As long as people keep buying fossil fuels, climate-heating emissions will continue," the G&M editorial board wrote. "The real solution is reducing demand - and that's where governments may be able to make the biggest difference."

 

[k1976]

https://www.google.com.sg/amp/s/oil...idies-Skyrocket-To-7-Trillion.amp.html?espv=1

Wow... In order to save u, u must be a pokkai?

 

[k1976]

In times of plenty, we can afford to be kind to those who are different. We are less threatened when we are comfortable. If our 21st Century standard of living peaks […] then we may not have the luxury of viewing our social progress as an irreversible ratchet. Hard times revive old tribal instincts: different is not welcome.

https://theconversation.com/degrowt...l-with-climate-change-is-a-flawed-idea-209434

 

[k1976]

https://www.nytimes.com/2023/08/23/business/kohei-saito-degrowth-communism.html

Japan, the world’s third-largest economy, has worked for years to promote economic growth in the shadow of an aging, shrinking population, with a monetary and fiscal policy that is among the most aggressive of any nation.

But there are strong indications that the country’s growth-oriented policies of ultracheap money and big government spending are reaching their limits. The interventions have done little to stimulate growth in Japan’s economy. And as government efforts to lift the birthrate also falter, with fewer people doing less work, “the room for growth is running out,” Mr. Saito, 36, said during a recent interview at his Tokyo home.

That’s seemingly true even when Japan’s economy expands. When the country reported growth of 6 percent in the second quarter of this year, it was driven almost entirely by external factors: exports and inbound tourism. Domestic consumption, on the other hand, shrank.

 

[k1976]

https://www.google.com.sg/amp/s/www...he-answer-to-a-sustainable-future/amp/?espv=1

Introducing degrowth and demand reduction​

"Degrowth" is a term that advocates for a deliberate, socially just, and equitable reduction in the scale of production and consumption. The goal of degrowth is to achieve better well-being and improved ecological conditions, reducing the size of the global economy to fit within the planet's biophysical limits.

There are several key principles to degrowth, including sustainability, social well-being, equity, direct democracy, and localized economies.

Understanding degrowth also requires us to examine the concept of demand reduction. This can be categorized into three intertwined yet distinct components:

Efficiency: Maximizing output while minimizing resource use. It's about doing more with less.

Sufficiency: Re-evaluating the amount of production and consumption truly necessary for human well-being.

Behavioral Change: Shifting societal habits towards sustainability, wherein society collectively and willingly opts for less consumption.

Demand reduction is usually only discussed in policy debates regarding a short-term response to the energy crisis, and rarely as a prerequisite to reaching net zero.

 

[syed putra]

You are taxed 100% for carbon fuel in sinkie and europe. Its already applied.
poorer countries will not do this unless you want to start a revolution.

 

[laksaboy]

Death to the anti-carbon cult.