A report from the Fiscal Affairs Department of the International Monetary Fund out this week shows that fossil fuel subsidies are large and still growing, and the paper calls for real pricing, where fossil fuels go unsubsidized, so that the entire global energy economy can get back to reality. This is a critical moment in the development of renewable energy. If subsidies are raised or continued beyond their economic life, simply because it is either politically correct to do so, or because of the lobby power of fossil fuels of the consumer, then renewables can say what they like about parity with fossil fuels, but while subsidies remain, fewer deals will go the way of renewables. The intrinsic gap between…