How about you stop posting talking points you can't even back up with a single fact?
need facts? the net tax intake from fossil fuels is quite high, here in Italy it's over 80% of the final price. substituting recipients of subsidies only impacts the industrial price, while switching fuel sources in a revenue neutral way means imposing taxes on renewables equals to 80% of their final industrial price.
, Now who's volunteering to tell goverments that they shall rely on 10% less overall revenues to"redistribute"? the government here in Italy is already sweating a diminished tax take in the order of 5% from fossil fuels, obtained through a mix of the economic crisis impacting on family expenses, including car travel, and drivers being more careful fo fuel consumption when they drive.
anybody spot the error yet? OK, I'll show you.
to make it revenue neutral, taxes on renewable energy should be 400% of the final industrial price. that comes by dividing 80% by 20%, which is the correct answer, since given 100 as the final price of fuel, 80 is taxes and 20 is the oil industry revenue. That's taxed as well on earnings, but that's another story, and most probably covered by subsidies.