I hadn't realized that global fossil fuel subsidies are so large. IEA estimates $548B, i.e. 0.7% of global GDP.pic.twitter.com/rN5EBoC8VC
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Paper: http://www.oxcarre.ox.ac.uk/files/OxCarreRP2014134%281%29.pdf … Conclusion is that it's closer to $1T. I.e., 1.3% of global GDP.pic.twitter.com/cVx8fwDdna
No wonder clean-tech investing sucks.
(H/t @pmarca, whose comment made me dig into these figures.)
.@patrickc @pmarca attempts to take part in different number games to verify GW as legit"theory"sounds naive becausehttps://twitter.com/ntvll/status/571418190900625410 …
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