Why a 17-year-old is a better economist than Steve Mnuchin.

The International Monetary Fund makes regular estimates of worldwide subsidies to fossil fuels — subsidies that partly take the form of tax breaks and outright cash grants, but mainly involve not holding the industry accountable for the indirect costs it imposes. In 2017 it put these subsidies at $5.2 trillion; yes, that’s trillion with a “T.”

Imagine what $5.2 trillion would do for addressing climate change.

Source: Opinion | Greta Versus the Greedy Grifters – The New York Times