Hi ther Mitch,

I have to sadly adhere to your prediction: this won't stop.

Solar, wind, hydroelectric, and geothermal power provide clean energy solutions that curtail emissions and foster job creation and economic growth.

But fossil fuels are still irrationally underpriced and heavily subsidized for their environmental costs. Studies estimate the global energy subsidies at $4.7 trillion (6.3 percent of global GDP) in 2015 and at $5.2 trillion (6.5 percent of GDP) in 2017. The largest subsidizers being China, United States, Russia, European Union, and India.

Efficient fossil fuel pricing would have lowered global carbon emissions by 28% and increased government revenue by 3.8 percent of GDP.

According to Morgan Stanley, climate-related disasters cost $650 billion from 2016–2018. Even if now, five years later, we are spending $1 trillion, we are subsidizing fossil fuels at least six times as much as we’re investing in climate change.

Carbon emissions aren’t falling either.

China is camouflaging its impact with investments in renewable energies, such as adding 154% more solar and 78% more wind capacity. But the true fact is China’s CO2 emissions grew 10% in the second quarter of 2023, 1% above the record levels in 2021.

And those are just some of the many examples that support your vision.

But let us resist them with all our might and never lose our faith of a better future.