[johnfernow]

Subsidies for oil, coal and natural gas currently cost us about 7.1% of global GDP. [1]

I imagine if we were willing to spend 2 to 5% of global GDP on fighting climate change, we'd also be cutting those subsidies. So in that scenario we'd be reducing government deficits and reducing the rate at which we print money, not increasing it.

1. https://www.imf.org/en/Blogs/Articles/2023/08/24/fossil-fuel...

[ein0p]

I agree on ending the subsidies, that's fine. But the US alone spends over $2T more each year than it earns. Oil/gas subsidies in the US are a tiny fraction of that sum.