Carbon: The Biggest Overlooked Fossil Fuel Subsidy | ThinkProgress: "These carbon emissions may reasonably be considered a subsidy because they impose various costs on society (on agricultural productivity, property damage, human health, etc.), but since most countries don’t yet put a price on carbon emissions, these costs are not reflected in the fossil fuel market price. Rather than fossil fuel producers and consumers paying these costs, society as a whole picks up the tab. Therefore, fossil fuel prices are kept artificially low (Figure 2), which is generally the purpose of subsidies."
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