When Will the Sun Set on Fossil Fuel Subsidies?

Overview

In this week’s episode, host Kristin Hayes talks with Joseph Aldy, a professor at Harvard Kennedy School and a university fellow at Resources for the Future. Aldy describes the challenge of reforming fossil fuel subsidies, given uncertainty about how much subsidies actually cost governments and given provisions in the US tax code that privilege fossil fuels over renewable energy sources. Aldy also elaborates on some policies that the Biden administration—which has committed to removing fossil fuel subsidies—could target as policymakers develop infrastructure legislation.