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Fossil fuel subsidies are 10 times those of renewables, figures show

September 24th, 2010 |

The Guardian: Despite repeated pledges to phase out fossil fuel subsidies and criticism from some quarters that government support for renewable energy technologies is too generous, global subsidies provided to renewable energy and biofuels are dwarfed by those enjoyed by the fossil fuel industry.

That is the conclusion of a major report released late last week by analyst Bloomberg New Energy Finance, which analyses subsidies and incentive schemes offered globally to developers of renewable energy and biofuel technologies and projects.

For full article, visit:
http://www.earthportal.org/news/?p=3499

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This entry was posted on Friday, September 24th, 2010 at 12:42 pm and is filed under Issues We Address. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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2 Responses to “Fossil fuel subsidies are 10 times those of renewables, figures show”

  1. David Pimentel Says:
    September 28th, 2010 at 12:44 pm

    The piece from the Encyclopedia Earth is probably correct for the data they assessed. For U.S. corn ethanol the subsidies for a liter of corn ethanol are 60 times that for a liter of gasoline (See Pimentel and Patzek, 2008).

    Pimentel, D. and T. Patzek. 2008. Ethanol Production Using Corn, Switchgrass and Wood; Biodiesel Production Using Soyybean. Pages 373-394 in D. Pimentel (Ed.) Biofuels, Solar and Wind as Renewable Energy Systems: Benefits and Risks. Springer: Dordrecht, The Netherlands.

  2. Steven Earl Salmony Says:
    September 28th, 2010 at 9:05 pm

    Dear David Pimentel,

    Thanks for all you have done….

    Sincerely,

    Steve

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