Paratus
Lifer
- Jun 4, 2004
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https://www.forbes.com/sites/timwor...he-subsidy-that-fossil-fuels-do/#76e05c3619d8
Renewables Get 25 Times The Subsidy That Fossil Fuels Do
From your own link:
“Global fossil-fuel subsidies do exceed those for renewables in raw dollars—$523 billion to $88 billion, according to the International Energy Agency. ... Fossil fuels make up more than 80% of global energy, while modern green energy accounts for about 5%.Nov 13, 2013”
Do you ever read.
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As a percentage of inflation-adjusted federal spending, nuclear subsidies accounted for more than 1% of the federal budget over their first 15 years, and oil and gas subsidies made up half a percent of the total budget, while renewables have constituted only about a tenth of a percent.
So seems like in an apples to apples comparison renewables have gotten 5X less than oil and gas.
(Oh and my salary is in no way effected by how much renewable energy is used by the US. I do however still have some stocks from when I worked In the petrochem business.)
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