Let’s Find a Way to Get Tax Subsidies for Clean Energy Right

After years of procrastination, governments worldwide are finally providing substantial fiscal support to clean energy. This newfound enthusiasm is driven not only by the need to address climate change, but also by a desire to reduce dependence on volatile fossil fuel markets prompted by Russia’s invasion of Ukraine.

The Oxford Global Recovery Observatory and International Energy Agency estimate global fiscal commitments on green measures between $1 trillion and $1.2 trillion since 2020. The OECD Green Recovery Database estimates a roughly similar amount of 1.1 trillion euros in government spending allocated to environmentally positive measures since 2021, and more spending is ...