Subsidies for renewable fuel use or green building certification can further sweeten the deal.
The deal, long in the making after Entergy signaled it would shutter the FitzPatrick plant in 2017, comes after state regulators put the final approval on new
subsidies for renewable fuels, including nuclear power, potentially worth millions of dollars.
Not exact matches
Also in the Post, Terence Corcoran wonders whether Corn Cob Bob — the friendly spokesmascot
for the Canadian
Renewable Fuels Association — will survive its ongoing battle with the C.D. Howe Institute, which recently released a report questioning the environmental and economic justifications
for corn ethanol
subsidies.
In a 184 - page letter to Catholic leaders released Thursday, Francis warns of «unprecedented destruction of ecosystems, with serious consequences
for all of us» and recommends
renewable fuel subsidies and maximum energy efficiency to combat global warming.
Accelerate investment in
renewables and end
subsidies for any
fuel that releases carbon into the air as breathe.
«His weak green light to
renewable fuels, refusal to cut fossil
fuel subsidies and his call
for further imports, completely undermines last year's recognition of the need to end the nation's oil addiction,» she said.
In fact, the bill Obama voted
for raised taxes on oil companies by $ 300 million over 11 years while providing $ 5.8 billion in
subsidies for renewable energy, energy efficiency and alternative
fuels.
The bill language also proposes changes to the Internal Revenue Service code that would terminate fossil
fuel subsidies, extend
renewable electricity production tax credits
for wind - generated electricity and permanently extend a business energy investment tax credit
for solar or wind energy technologies.
Continuing the $ 1 - per - gallon
subsidy for cellulosic ethanol and the
renewable fuel standards will also help.
Fossil
fuel interests are using their clout at the White House and in Congress to sabotage every
renewable energy program that comes along, while make sure massive government
subsidies, on the order of $ 100 billion a year when you count it all up, continue to flow to the fossil
fuel industry (U.S. military expenditures are $ 500 billion a year, and good chunk of that is devoted to protecting overseas oilfields,
for example).
Setting aside the fact that in many cases clean energy competes on its own merits —
for instance in the case of well ‐ situated wind farms and Brazilian sugarcane ethanol — this analysis shows that the global direct
subsidy for fossil
fuels is around ten times the
subsidy for renewables.
Fortunately, the relative added costs of today's
renewable technologies are quite reasonable, especially if one factors in the
subsidies that exist
for fossil
fuels and if we price carbon commensurate with the costs of its environmental damage.
These include ending
subsidies for the fossil
fuel industry, boosting energy efficiency, advancing
renewable sources like wind and solar power and moving away from the idea that «drill baby, drill» is a solution.
My own research shows that, even taking the OECD's analysis at face value, when we compare the «
subsidies» given to green and brown sectors on a unit -
for - unit basis, the
renewable sector enjoys thirteen times the
subsidy that the fossil
fuel sector received.
For instance, public investments that enhance energy efficiency or that promote switching to
renewable fuels would help buffer consumers from fluctuations in future
fuel costs while also driving deeper greenhouse gas reductions than
subsidy removal alone.
Most developed countries supported a text calling
for a transition to a green economy that included phasing out fossil
fuel subsidies, the use and production of
renewable energies, and creating «green» jobs in this new economic model.
«The resolution as it passed it would apply not only to all vehicle types but it would also apply to
subsidies and mandates of all
fuel types, so that would include,
for example, the
renewable fuel standard,» Ebell, who chaired President Trump's EPA transition team, said.
The «market conditions» that these ethanol producers are referring to is the fact that the average price of ethanol has dropped some 30 percent since May, as market
subsidies combined with a lack of infrastructure
for its delivery and use have created a surplus of the
renewable fuel.
Renewable Energy World
For at least the last 40 years, since the oil shocks in the 1970s, dealing with fossil
fuel subsidies has been on the international agenda.
Schreiber also defended
subsidies for renewable energy: «Fossil
fuels are a mature technology while
renewable energy is nascent and still developing.
Research institute Verso Economics reveals that
for every «green job» created by taxpayer
subsidy, 3.7 jobs are killed in the real economy and that, thanks to the artificial rise in energy prices caused by
renewable subsidies, at least 50,000 people a year in Britain alone are driven into
fuel poverty.
Commentary: Fossil -
fuel consumption
subsidies are down, but not out Subsidies for fossil fuels are falling but remain much higher than those for renewables 20 Dece
subsidies are down, but not out
Subsidies for fossil fuels are falling but remain much higher than those for renewables 20 Dece
Subsidies for fossil
fuels are falling but remain much higher than those
for renewables 20 December 2017
According to the IEA, global fossil
fuel consumption
subsidies are over twice as large as
subsidies for renewable energy in 2015, which amounted to $ 150 billion globally — $ 120 billion
for non-hydro
renewables for power generation and about $ 30 billion
for renewables in other sectors, primarily biofuels.
Energy companies reap even more
subsidies for fossil
fuel than
for renewables.
«Germany has set up a system of legislation and
subsidies to move away from fossil
fuels toward
renewable energy,» Martin Kaiser, executive director of programs
for Greenpeace International in Berlin, told me.
Sanders claims that his plan will reduce emissions by establishing a revenue neutral carbon tax, eliminating
subsidies for fossil
fuels and increasing them
for renewable energy.
This is an interesting discussion:
subsidies for renewables versus carbon tax versus (my personal preference) upstream regulation of the fossil
fuel industry to drive the development of carbon capture.
The IEA itself in its policy recommendations does advise policy makers to eliminate fossil
fuel subsidies to create a level playing field
for renewables.
Regarding the National Energy and Climate Plans (NECPs), the European Parliament set
for a binding template
for the NECPs and added into the template many important details, e.g. on phase out of fossil
fuel subsidies, Member State's national trajectories
for maintaining and enhancing the carbon removals from sinks as well as trajectories and objectives
for energy from
renewable sources produced by cities, energy communities and self - consumers.
So what we are really saying as scientists and technologists is that, how can we expect to have all the technological solutions in place — every single component — when there simply isn't a market demand
for it; when the government is funding
subsidies 10 to 1 in terms of fossil
fuels to
renewables.
Not sure this has or ever will translate into a vote
for carbon pricing or support
for stronger national or international emissions targets or even clear support
for renewables and an end to
subsidies for fossil
fuel miners and big users.
There is room
for improvement in the Parliament's position, both in ensuring priority access
for all new
renewables, and in fully eliminating all capacity mechanisms that function as hidden fossil
fuel subsidies.
As a means of comparison, in 2011 alone the International Energy Agency estimated that global fossil
fuel direct
subsidies were worth $ 523 billion, compared to $ 88 billion
for renewables.
Renewables»
subsidies put sting into power bills The Australian Michael Owen 26 July 2016
Renewable energy output in Australia is subsidised by almost $ 3 billion a year, more than 19 times the amount
for generation from fossil
fuels, a report by an economic consultancy says.
But as long as the rich nations — and their big polluters — dictate the terms of the Paris accord, maintain unhealthy fossil
fuel subsidies and refuse to establish a long - term market
for renewable energy that includes putting a price on carbon emissions, a world that protects more vulnerable nations, humans, animals and plants from the impacts of climate change will remain a dream.
The researchers suggested switching $ 500bn in
subsidies for fossil
fuels worldwide to
renewables as a «cost neutral» way to fast - track the energy transition.
But that remains a fantasy as long as
renewable energy continues to be economically disadvantaged in favor of fossil
fuel: In 2013, according to the International Institute
for Sustainable Development, consumer
subsidies to fossil
fuels totaled $ 548 billion, compared to only $ 121 billion
for renewables.
He objects to
subsidies for renewables, but apparently not to those that are given to the fossil
fuel industry.
Specific
subsidies for ethanol and wind power have lapsed, perhaps temporarily, but both still receive valuable preferences in the form of the federal
Renewable Fuel Standard and numerous state renewable portfolio s
Renewable Fuel Standard and numerous state
renewable portfolio s
renewable portfolio standards.
But while the figure
for fossil -
fuel consumption
subsidies may be coming down, it remains much higher than estimated government support to
renewable energy:
subsidies for renewables in power generation amounted to $ 140 billion in 2016.
Germany has already started a
subsidy for fossil -
fueled plants bankrupted by the plunge in electricity prices — a
subsidy that will just add to the very high surcharges levied on captive German rate - payers to reimburse
renewable sources
for costs they can't recover from market.
They are cited worldwide to justify swingeing fossil
fuel taxes and
subsidies for «
renewable» energy.
Over the course of 2 1/2 days, 150 participants from over 40 countries listened and debated on issues in
renewables, ranging from fossil
fuel subsidies, to the impact of the media and public relations, and vision
for the next decade of
renewables.
First, the
subsidies for nuclear and fossil
fuels (
for electricity generation) are negligible in comparison with the
subsidies for renewables (per MWh of electricity delivered).
Moreover, I would suggest that those of us in «the electorate» who are well - informed about this issue are well aware that changes in public policy — including putting a price on carbon pollution, directly regulating GHG emissions, and providing effective support
for the development and deployment of efficiency and
renewable energy technologies on a scale at least comparable to the
subsidies that fossil
fuels have received
for a century — are far more effective than the options that any individual can currently choose, and are in fact crucial to making more such options available to all of us.
Some would like to see these
subsidies end, but I'd say that fossil
fuel subsidies should be cut first; that would save more money, and be fairer since they've been around
for decades while
renewable energy is still a relatively small industry.
Increase investment in energy efficiency,
renewables and carbon capture and storage technologies while eliminating
subsidies for fossil -
fuel industries.
Hence, if you want to change directions, you have to influence the politics — you have to work to prevent the Koch Brothers from destroying California
renewable energy initiatives, you have to work to eliminate federal
subsidies and liability caps
for fossil
fuel projects (which would mean that oil drillers would have to post $ 10 billion bonds
for every deepwater project they initiated), and —
for academic scientists — you have to lobby your academic administrators to cut their ties with shady fossil
fuel interests like BP and Exxon, and work to open
renewable energy research institutes at America's leading universities.
Justice
for the poor can be delivered by funding climate adaptation and mitigation activities in developing nations with at least US$ 160 billion per year, by a commitment to reduce overconsumption, wherever it exists, to equitable, sustainable levels and by eliminating developed countries»
subsidies on fossil
fuels and shifting them to
renewable energy.
You have to pinch yourself when the government announces another new
subsidy for the fossil
fuel industry, not only because they so recently said that
renewable energy should stand on its own two feet, but also because they're announcing this just days before the latest climate conference in Paris — at which world leaders will gather to try and hammer out a global deal to reduce emissions.