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Reply to: Why fossil fuel producer subsidies matter

The Original Article was published on 05 February 2020

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Data availability

The authors declare that the data supporting the calculations are available in the Methods or from publicly available sources cited in the Methods.

Code availability

No custom code or algorithms were developed for the discounted cash flow results reported in this paper.


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This work was supported by the Research Council Norway under the Contractions project (“Analyzing past and future energy industry contractions: towards a better understanding of the flip-side of energy transitions”) under grant agreement number 267528/E10. We thank A. Cherp for discussions on the discounted cash flow model.

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Authors and Affiliations



The change in composition (removal of Nawfal Saadi and addition of Hannah Daly) and order of the author list in this Matters Arising compared to the original Letter reflects the contributions to the Matters Arising Reply, which relied on a discounted cash flow model and additional empirical research in order to validate the assumptions and sensitivity analysis from the original article. J.J., J.E., V.V. and C.B. wrote the Reply with contributions from L.B., H.D., I.K., V.K., D.E.H.J.G., K.F., D.M, L.P., K.R., M.T. and D.V. The numerical model was conceived and designed by J.J. and V.V. and implemented by V.V. The results were analysed by J.J. and V.V.

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Correspondence to Jessica Jewell.

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Supplementary Methods

This file contains Supplementary Methods, including Methods Table 1-4, and Supplementary References.

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Jewell, J., Emmerling, J., Vinichenko, V. et al. Reply to: Why fossil fuel producer subsidies matter. Nature 578, E5–E7 (2020).

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