Russia’s Coal Collapse Marks The End Of Fossil Fuel Post-War Illusion

The article is not just about Russia, but also US and the world.

Global fossil-fuel subsidies still exceed US$7 trillion a year, according to the IMF – distorting markets, crowding out innovation, and delaying investment in cleaner, cheaper technologies.

Can we imagine the state of energy if those trillions were being invested in renewable energy instead? We would already have virtually unlimited and free energy. It takes only 100km x 100km of the Sahara for solar to produce the equivalent of global consumption of energy. Fossil fuel subsidies alone would have done the job putting that up in deserts (US, Africa, Asia).