> Imagine the cumulative total of the money compounded!
I mean, this is a crazy line of thinking. Without fossil fuels, what's considered valuable would still be "work life balance is slightly less time manually working on the farm" and "goods are the best stuff we can buy from people crafting the stuff within a 3 mile radius" and "education is what we can learn from the smartest person in the village".
If you want now but without fossil fuels, you have to use fossil fuels hard enough to invent the thing that replaces them.
What would $1.5tn PER YEAR subsidies in renewables and a reduction of $1.5tn PER YEAR subisdies in O&G at the same time look like?
Think of these subsidies like compound interest, $1.5 trillion here, $15 trillion there.... it starts to add up.