Annual global energy subsidies currently total $200 billion (A. de Moor. 2002. The perversity of government subsidies for energy and water. Page 368 in J. P. Cinch, K. Schlegelmilch, R.-U. Sprenger, and U. Triebswetter, editors. Greening the budget: budgetary policies for environmental improvement. Edward Elgar, Cheltenham, UK). OECD countries spend some $82 billion each year subsidizing energy production, mostly through tax breaks, cheap provision of public infrastructure and services, subsidized capital, and price support (OECD 1997). Globally, more than 80% of these subsidies are for the use of fossil fuels, among the most polluting energy sources.And also,
Economic activity is a consequence of humans striving to improve their well-being.Well said. Brian Czech would have us instead believe that economic growth is imposed upon us by politicians.