6 January

You’ll often hear people argue against renewable energy as being unfairly ‘subsidised’ by government, whereas existing energy generation isn’t. This is because the costs of carbon pollution aren’t included in the sums - the reason the lobbyists for the status quo so furiously opposed any sort of carbon pricing. Without a price, the market can’t calculate the cost. The IMF calculated the cost. Globally over 5 trillion dollars, and climbing. Fossil fuels are monumentally subsidised by government, subsidies for renewables aren’t even in the same ballpark.