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CommentsLumping renewables together with energy efficiency for your headline is unfair. Take out the efficiency subsidies and what are you left with for renewable subsidy? Efficiency benefits all forms of energy not just renewables...it is just more in line with a rational way of dealing with our energy needs...like renewable are.Posted by Steve on 06/01 at 03:17 PM | # Renewable Energy Subsidies 6.4 Times Greater than Fossil Fuel SubsidiesPosted by Institute for Energy Research on Jun 1, 2012 at 09:17 AM
We should have learned from the experience of Spain that subsidies come at a high price The Congressional Budget Office (CBO) at the request of the Senate Energy and Natural Resources Committee evaluated federal subsidies received by the various energy industries for fiscal year 2011.[ia] The agency found that energy-related subsidies totaled $24 billion, of which $16 billion were spent on renewable energy and energy efficiency and $2.5 billion on fossil fuels in fiscal year 2011. In other words, renewable energy technologies and energy efficiency programs received 6.4 times more subsidies than fossil fuels received. The ethanol industry, which received over $6 billion, was the single largest renewable energy recipient and the wind industry was the second largest renewable energy recipient, according to CBO.[ii] More...Post a Comment on: Renewable Energy Subsidies 6.4 Times Greater than Fossil Fuel SubsidiesCommenting is not available in this channel entry. Next entries comments: 55 NGOs: UN must expel Syria from human rights committee Previous entries comments: Car dealerships closed down by Obama Note from the Editor: This section is for comments from readers of canadafreepress.com. Please don't assume that Canada Free Press agrees with or endorses any particular comment just because we let it stand. A reminder: Anyone who fails to comply with our terms of use may lose his or her posting privilege. |
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