Not exact matches
«At some point, we think this will trigger a political debate
about how the grid fees and
renewables subsidies should be paid
for.
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.
The other point
about renewable subsidies, at least
for solar, is that
subsidies are provided directly to consumers in the form of tax credits to install and use solar panels.
To pay
for the
renewable incentives, the House bill is expected to repeal
about $ 21 billion in tax
subsidies extended to big oil and gas producers like Exxon Mobil Corp, ConocoPhillips and Chevron Corp..
In the 2014 - 2015 procurement year, ComEd and Ameren paid a
subsidy of
about 1.15 cents per kwh
for Renewable Energy Certificates under the RPS law;
The good news is that
renewable energy
subsidies for wind, solar, geothermal, hydropower, and non-corn based biofuels and biomass have been growing in recent years, but still only account
for about 17 percent of all energy
subsidies between 2002 and 2008.
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.
But anyone who argues
for the support of
renewable energy through
subsidies has surely lost the right to complain
about subsidies for nuclear.