As Kitimat prepares to ship its first liquefied natural gas cargoes in the coming couple of weeks, billions more in subsidies and favorable fiscal treatment for fossil fuel infrastructure come sharply into focus, along with the 2.2 billion tons of greenhouse gases the facility will be responsible for over its … [continued]
Direct and indirect subsidies for fossil fuels reached an all time high in 2020.
A highly misleading anti-cleantech talking point is that renewable energy “relies on government subsidies,” and that all of the renewable energy growth in recent years is attributable to them. In actuality, fossil fuels and nuclear power have been receiving government support for much longer than renewable energy has. They have received much more government subsidy historically speaking than renewables. And these dirty energy options continue to receive a tremendous amount of government support even though they are overripe industries in many regards.
A new method of gauging the impact of fossil fuel subsidies on country-scale carbon emissions was recently examined in a report from The School of Public Policy at the University of Calgary. The report’s author Radek Stefanski utilized the method to create 30-year-long database incorporating figures from 170 different countries. … [continued]
Originally published on Kompulsa. The United Arab Emirates’ Energy Ministry has decided to terminate gasoline subsidies, as the country’s economy is being negatively affected by low oil prices. Oil prices will most likely go right back up anyway, but it is uncertain when that will happen. The average cost of … [continued]
International Energy Agency (IEA) Chief Economist Fatih Birol made no bones about his opinion on fossil fuel subsidies at the European Wind Energy Association conference this year. Birol said that “[f]ossil fuel subsidies are public enemy number one for green energy.”
While there is certainly a growing renewable energy trend, there still remains an entrenched fossil fuel infrastructure and system of associated economic incentives. The public may not be all that aware of one of the incentives, but certain business people are. Master limited partnerships are a way to structure an … [continued]
US small business owners support government clean energy investment, EPA CO2 emissions regulations and ending oil-and-gas industry subsidies, but who’s listening on Capitol Hill?
[T]he federal commitment to [oil & gas] was five times greater than the federal commitment to renewables during the first 15 years of each subsidies’ life, and it was more than 10 times greater for nuclear.
