Counting the Costs: Fossil Fuel Subsidies Over 10 Times Those of Renewables

[Nathanael]

Interesting article exploring government subsidies for renewable and traditional energy sources. Bloomberg New Energy Finance says renewable energy can exist without government funding as well; it is by no means dependent on government subsidies as is commonly argued.


A new report by Bloomberg New Energy Finance shows that fossil fuels garner over 10 times the subsidies renewable energy does.

One of the biggest concerns regarding a transition to renewable energy is the potential for higher costs to be passed on to the consumer.

Not only is the technology (relatively) expensive, so is the implementation and maintenance. At least when compared directly to fossil fuels. However, the comparison does not always take into account the amount of federal (read: taxpayer) aid provided to fossil fuel companies in the form of subsidies.

http://www.energyboom.com/policy/counting-costs-fossil-fuel-subsidies-over-10-times-those-renewables

[Scuba]

1. Why does the most profitable industry in the history of commerce get ANY subsidies?