Why might a government choose to subsidize fossil fuels, despite the fact that such a policy could lead to conflict with other countries?
Subsidies for fossil fuels would incentivize the use of renewable resources, which could help a country grow economically.
Subsidies for fossil fuels would limit the ability for neighboring countries to use those resources, giving the subsidizing country an economic advantage.
Subsidies can make fossil fuels cheaper to extract and use, which might help a country grow economically.
Subsidies make fossil fuels more expensive to extract and use, which would help combat the effects of climate change.
Subsidies make fossil fuels more expensive to extract and use, which would help combat the effects of climate change.
1 answer
One reason a government might choose to subsidize fossil fuels despite potential conflicts is that subsidies can make fossil fuels cheaper to extract and use, which might help the country grow economically. This can benefit industries reliant on fossil fuels and promote economic development, job creation, and increased energy production. Additionally, subsidizing fossil fuels may provide energy security and reduce dependence on imports, which could be seen as a strategic advantage. However, such a policy could lead to conflicts with other countries that are dependent on fossil fuel exports or promoting renewable energy.