Published on June 20th, 2011 | by Zachary Shahan41
Wind Power Subsidies Don’t Compare to Fossil Fuel & Nuclear Subsidies
June 20th, 2011 by Zachary Shahan
After a long hiatus, I’m back to building on our relatively comprehensive page on World Wind Power.
The Short Story on Subsidies:
1. only taking some hidden coal subsidies out of the picture, coal would be 2-3 times more expensive than wind (and that’s if wind got absolutely no subsidies!);
2. nuclear energy received as much in subsidies each year from 1950-1990 as wind had received in total up to 2007, $3.75 billion (even with all those subsidies, many of which continue today, nuclear can’t compete with other electricity sources)… and this is not taking into account considerable environmental and storage externalities;
3. big oil got more money in tax breaks in 2011 alone ($4 billion) than the wind industry had received in total up to 2007 ($3.75 billion), and it is expected to get $77 billion more by 2021.
In other words, wind power subsidies are nothing compared to fossil fuel and nuclear industry subsidies. Without subsidies, electricity prices would be:
- Wind Power: 6-7 cents/kWh
- Nuclear Power: 11-20+ cents/kWh
- Coal Power: 9-32+ cents/kWh
And coal and nuclear costs are expected to rise considerably in coming years while wind costs fall.
Buy a cool T-shirt in the CleanTechnica store!
Keep up to date with all the hottest cleantech news by subscribing to our (free) cleantech daily newsletter or weekly newsletter, or keep an eye on sector-specific news by getting our (also free) solar energy newsletter, electric vehicle newsletter, or wind energy newsletter.