October 5th, 2015

The biggest problem with these arguments [—that the goal should be to get the cheapest possible products to the consumer so that the green transition can happens as quickly as possible—] is the notion that there is any free market in energy to be protected from distortion. Not only do fossil fuel companies receive $775 billion in annual global subsidies, but they pay nothing for the privilege of treating our shared atmosphere as a free waste dump—a fact that has been described by the Stern Review on the Economics of Climate Change as “the greatest market failure the world has ever seen.” The freebie is the real distortion, that theft of the sky the real subsidy. p. 70

From This Changes Everything: Capitalism Vs. The Climate by Naomi Klein


Found in my electronic chapbook.

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