We're seeing um um a very strong unwillingness to get rid of the four5 trillion US in subsidies to fossil fuels and introducing a price on carbon
for - climate crisis - major barrier - unwillingness to eliminate fossil fuel subsidies - Johan Rockstrom
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Walmart workers are one of the largest consumers of American social service programs.
in the 1990s and 2000s, the US government reduced its level of investment as interventionist policy fell out of vogue. This set the stage for Intel’s decline relative to firms like Taiwan Semiconductor Manufacturing Company, now the world’s dominant chip fabricator; and ASML, a Dutch company that is the sole manufacturer of the equipment needed to build state-of-the-art chips.
I hadn’t realised this significance of the loss of subsidy in offshoring
As it stands, Intel will walk away with the lion's share of the funding for its Magdeburg megafab, where it plans to produce angstrom-class parts beginning in 2027. After months of negotiations over rising operating and materials costs associated with building in the region – the facility is now expected to cost €30 billion to complete – the x86 titan received commitments from German officials in June for €10 billion in support.
10bn is about the same as the 9 euro ticket would have cost for all of 2023
Taken together, these implicit and explicit subsidies add up to over $7 trillion each year spent in ways that have unintended, harmful effects that are undermining our efforts to tackle climate change. To put that big number into context: this is about eight percent of the value of the global economy.
Fossile Brennstoffe, umweltschädliche Landwirtschaft und Fischfang werden jährlich mit mindestens 7,25 Billionen Dollar subventioniert. Insgesamt fließen pro Minute 23 Millionen Dollar umweltschädliche Subventionen – 8% des Bruttosozialprodukts. Mit 577 Milliarden USD waren fossile Subventionen 2021 doppelt so hoch wie die für Erneuerbare und fast sechsmal so hoch wie die zugesagte Klimafinanzierung für den globalen Süden. https://www.theguardian.com/environment/2023/jun/15/vast-fossil-fuel-and-farming-subsidies-causing-environmental-havoc-world-bank
Bericht der Weltbank: https://www.worldbank.org/en/topic/climatechange/publication/detox-development
von Gaudecker, H., Holler, R., Janys, L., Siflinger, B. M., & Zimpelmann, C. (2020). Labour Supply during Lockdown and a “New Normal”: The Case of the Netherlands. IZA Discussion Paper, 13623.
And yet, in the past five years, the 15 acres of open space have seen plenty of activity. In that time, more than half a dozen farmers have put their hands to a plow in an ill-fated attempt at organic farming. Only one of them is still standing. The same fate of those failed farmers has been repeated all across the county under an agricultural program meant to encourage and support organic farming by providing nearly $1 million in capital expenditures, temporary lease rate reductions, organic certification assistance, weed maintenance and farmer education courses.
According to surveys from the United States Department of Agriculture, organic acreage declined nationally by 10.8 percent from 2008 (4.1 million acres) to 2014 (3.7 million acres). Colorado saw larger declines of 34 percent during that same time, from 153,981 acres in 2008 to 115,116 acres in 2014. A number of reasons have been cited by different experts and farmers, including the recession and a change in USDA methodology that counts fewer growers as organic since many small operations do not pursue certification. The most commonly cited reason is cost: The resource-intense nature of production eats away at profit margins and makes organic less attractive during a time of high conventional profits. "The incentive to grow organically wasn't enough as conventional grown commodities were priced at very profitable levels" during that time, said Bill Meyer, director of the USDA's National Agricultural Statistics Service mountain region.