Turning their backs on the Paris Agreement, the ministers opted for a feeble renewable energy target, lax rules for ensuring that all EU countries contribute to the energy transition and massive
coal subsidies in the EU's power market.
Tuesday, December 5, 2017: The Estonian EU Presidency has opened the door to allowing massive
coal subsidies in the new EU power market rules, proposing changes eliminating the carbon intensity threshold for existing coal plants at the 11th hour of negotiations.
Not exact matches
The $ 340 million
in annual federal tax
subsidies that US
coal companies receive is not putting more miners to work.
In fact, it is «Empty Promises: G20
subsidies to oil, gas and
coal production.»
«Previous governments
in Alberta and Ottawa offered to provide a
subsidy of $ 779 milliontoward the $ 1.4 - billion price tag for TransAlta's proposed
coal - fired carbon capture and storage project, but even with taxpayers shouldering more than half the cost, there wasn't a viable business case and the project was shelved.
That means that
in some cases the removal of
subsidies causes a switch to more emissions - intensive
coal.
Senator Jeff Bingaman, Democrat of New Mexico, opposed big
subsidies for
coal - based fuels until mid-June, when he moved to offer up to $ 10 billion
in loans for
coal - to - liquid plants.
While calling on the government for a five - year
subsidy on British
coal, the Labour MP Richard Caborn, who chairs the committee, says: «There would be little point enlarging British Coal's market in the medium term if it were to collapse after 1988.&ra
coal, the Labour MP Richard Caborn, who chairs the committee, says: «There would be little point enlarging British
Coal's market in the medium term if it were to collapse after 1988.&ra
Coal's market
in the medium term if it were to collapse after 1988.»
$ 8 billion) over first ten years for deficit reductionObeys PAYGO; Starting
in 2026, 25 % of auction revenues for deficit reductionFuels and TransportationIncrease biofuels to 60 million gallons by 2030, low - carbon fuel standard of 10 % by 2010, 1 million plug»
in hybrid cars by 2025, raise fuel economy standards, smart growth funding, end oil
subsidies, promote natural gas drilling, enhanced oil recoverySmart growth funding, plug -
in hybrids, raise fuel economy standards $ 7 billion a year for smart growth funding, plug -
in hybrids, natural gas vehicles, raise fuel economy standards; offshore drilling with revenue sharing and oil spill veto, natural gas fracking disclosureCost ContainmentInternational offsetsOffset pool, banking and borrowing flexibility, soft price collar using permit reserve auction at $ 28 per ton going to 60 % above three - year - average market price» Hard» price collar between $ 12 and $ 25 per ton, floor increases at 3 % + CPI, ceiling at 5 % + CPI, plus permit reserve auction, offsets like W - MClean Air Act And StatesNot discussedOnly polluters above 25,000 tons of carbon dioxide equivalent a year, regional cap and trade suspended until 2017, EPA to set stationary source performance standards
in 2016, some Clean Air Act provisions excludedOnly polluters above 25,000 tons of carbon dioxide equivalent a year, regional cap and trade pre-empted, establishes
coal - fired plant performance standards, some Clean Air Act provisions excludedInternational CompetitivenessTax incentives for domestic auto industryFree allowances for trade - exposed industries, 2020 carbon tariff on importsCarbon tariff on importsReferences: Barack Obama, 2007; Barack Obama, 8/3/08; Pew Center, 6/26/09; leaked drafts of American Power Act, 5/11/10.
Global energy - related emissions could peak by 2020 if energy efficiency is improved; the construction of inefficient
coal plants is banned; investment
in renewables is increased to $ 400 billion
in 2030 from $ 270 billion
in 2014; methane emissions are cut
in oil and gas production and fossil fuel
subsidies are phased out by 2030.
Last week, the G7 leaders pledged to eliminate «inefficient fossil fuel
subsidies» but talks on phasing out a form of
coal subsidy ended
in stalemate.
That's not the only methodological issue: their study also undercounts
subsidies to oil, gas, and
coal production, relying on an estimate of $ 23 billion
in production
subsidies instead of the more than $ 70 billion we've identified
in G20 countries alone.
Coal subsidies are notably sizeable: in 2013, 52 % of the post-tax subsidy was due to coal, while petroleum accounted for 33 % and natural gas 1
Coal subsidies are notably sizeable:
in 2013, 52 % of the post-tax
subsidy was due to
coal, while petroleum accounted for 33 % and natural gas 1
coal, while petroleum accounted for 33 % and natural gas 10 %.
Reuters explains: «
Subsidies on oil, gas or
coal are meant to help the poor by lowering the price of energy but the report, issued on the sidelines of a 160 - nation U.N. climate meeting
in Ghana, said they often backfired by mainly benefiting wealthier people.»
Paul Dietz wrote
in # 38: «Wind is -LSB-...] without
subsidies or consideration of CO2 externalities -LSB-...] twice as expensive as
coal in the US.
On a levelized basis, and without
subsidies or consideration of CO2 externalities, it's twice as expensive as
coal in the US.
Their critics say their stance, however well intentioned, will produce the real delays, given how much can be done now simply by cutting energy waste with tools already on the shelf — ranging from strengthening efficiency standards to eliminating billions of dollars
in persistent fossil - fuel
subsidies that continue to make
coal and oil much cheaper than they really are when all their hidden costs are revealed.
The question of hidden, and not so hidden,
subsidies for oil, as well as
coal, keeps coming up
in environmental debates.
For starters, we absolutely have to eliminate the estimated annual $ 37 billion
in subsidies to the oil, gas, and
coal companies, as Hanson suggests.
This would be better than pouring more
subsidies into
coal, whose use will be limited by the carbon emissions, and which creates environmental problems
in the mining process (e.g., «mountaintop removal).
There will be some concern that renewable energy
subsidies have now indirectly spawned additional support for
coal and gas, and that both will raise European energy prices which are already some of the highest
in the world.
As Lester Brown says
in Plan B 4.0: A world facing economically disruptive climate change can no longer justify
subsidies to expand the burning of
coal and oil.
The European Commission has given limited backing for gas and
coal power
subsidies, which will boost conventional utilities caught out by a surge
in renewable power, but may undermine carbon cuts.
In 2010 the $ 5 Billion in federal subsidies for wind - generated electricity was more than TRIPLE the amount that went to natural gas - generated electricity and coal - generated electricity COMBINE
In 2010 the $ 5 Billion
in federal subsidies for wind - generated electricity was more than TRIPLE the amount that went to natural gas - generated electricity and coal - generated electricity COMBINE
in federal
subsidies for wind - generated electricity was more than TRIPLE the amount that went to natural gas - generated electricity and
coal - generated electricity COMBINED.
Coal received $ 2 billion
in fossil fuel consumption
subsidies, just 0.4 percent of the total.
The first steps are are underway - every nation
in Europe is bagging
subsidies for solar / wind, most are «exploring» gas, some are building
coal (Germany), and many are signaling an interest
in reconsidering the policies they pretended were about global warming.
Solar and wind power get 326 and 69 times more
in subsidies than
coal, oil, and natural gas per amount of energy generated.
The Australian reports that Victorian wind farms, for all their hype and
subsidies, have eliminated virtually zero GHGs, thanks to the need for backup
coal power stations to keep running at full speed to cope with the fluctuations
in wind generation:
Your point about
coal vs. oil availability
in the 19th century is well taken, although I would remind you that much oil exploration (outside of the middle east) is not done on the cheap, and is indeed supported by generous
subsidies from governments.
-
In the UK in 2010, total subsidies for gas, coal and oil was five times greater than that given to wind pow
In the UK
in 2010, total subsidies for gas, coal and oil was five times greater than that given to wind pow
in 2010, total
subsidies for gas,
coal and oil was five times greater than that given to wind power
Belgium, France, and Japan from Seth Dunn, «King
Coal's Weakening Grip on Power,» World Watch, September / October 1999, pp. 10 — 19; coal subsidy reduction in Germany from Robin Pomeroy, «EU Ministers Clear German Coal Subsidies,» Reuters, 10 June 2002; DOE, EIA, International Energy Annual 2005 (Washington, DC: June — October 2007), Table E. 4; Craig Whitlock, «German Hard - Coal Production to Cease by 2018,» Washington Post, 30 July 2007; China, Indonesia, and Nigeria subsidy cuts from GTZ Transport Policy Advisory Service, International Fuel Prices 2007 (Eschborn, Germany: April 2007), p
Coal's Weakening Grip on Power,» World Watch, September / October 1999, pp. 10 — 19;
coal subsidy reduction in Germany from Robin Pomeroy, «EU Ministers Clear German Coal Subsidies,» Reuters, 10 June 2002; DOE, EIA, International Energy Annual 2005 (Washington, DC: June — October 2007), Table E. 4; Craig Whitlock, «German Hard - Coal Production to Cease by 2018,» Washington Post, 30 July 2007; China, Indonesia, and Nigeria subsidy cuts from GTZ Transport Policy Advisory Service, International Fuel Prices 2007 (Eschborn, Germany: April 2007), p
coal subsidy reduction
in Germany from Robin Pomeroy, «EU Ministers Clear German
Coal Subsidies,» Reuters, 10 June 2002; DOE, EIA, International Energy Annual 2005 (Washington, DC: June — October 2007), Table E. 4; Craig Whitlock, «German Hard - Coal Production to Cease by 2018,» Washington Post, 30 July 2007; China, Indonesia, and Nigeria subsidy cuts from GTZ Transport Policy Advisory Service, International Fuel Prices 2007 (Eschborn, Germany: April 2007), p
Coal Subsidies,» Reuters, 10 June 2002; DOE, EIA, International Energy Annual 2005 (Washington, DC: June — October 2007), Table E. 4; Craig Whitlock, «German Hard -
Coal Production to Cease by 2018,» Washington Post, 30 July 2007; China, Indonesia, and Nigeria subsidy cuts from GTZ Transport Policy Advisory Service, International Fuel Prices 2007 (Eschborn, Germany: April 2007), p
Coal Production to Cease by 2018,» Washington Post, 30 July 2007; China, Indonesia, and Nigeria
subsidy cuts from GTZ Transport Policy Advisory Service, International Fuel Prices 2007 (Eschborn, Germany: April 2007), p. 3.
According to an article
in today's New York Times, even without
subsidies, wind power is often cheaper (as low as 3.7 cents per kWh) than
coal (low of 6.6 cents per kWh) or natural gas (low of 6.1 cents per kWh).
«The Polish Climate Coalition, a network of environmental NGOs, pointed out that while Polish ministry representatives are giving their support to the implementation of the Paris Agreement
in Bonn, other members of the government were working on a new set of
coal subsidies that could be adopted next week.»
He also continued on the theme of reforming fossil fuel
subsidies, so that the cost of fossil fuels can «better reflect the costs they impose on taxpayers and our planet», and investing
in the clean technology of the future, particularly
in the
coal states that could suffer as their power plants shut down.
-- perhaps the «problem» is not big oil or big
coal, both of which have discovered there is big money to be made from tax breaks and other
subsidies justified
in the name of combating carbon.
In their official review of Germany's report, the governments of China, Indonesia, Italy, Mexico, New Zealand and the United States as well as the OECD concluded unequivocally that «there are additional
subsidies that benefit the production of hard
coal and lignite, yet have not been included.»
Only two of these twenty - two measures, with a value of EUR 1.4 billion
in 2016, will be phased out
in 2018 as part of the existing EU - wide commitment to end
subsidies to hard
coal — the rest will remain
in place.
«Please please finally say NO to new
coal burning power stations & NO to the billions of dollars
in fossil fuel
subsidies.
Also,
coal power plants must close by 2025
in the UK, meaning these
subsidies are not being used to invest into life - extensions.
To prevent
coal subsidies causing chaos
in other EU countries, the European Commission proposed a CO2 threshold of 550 grams per KWh of electricity to be eligible for receiving capacity payments (public money to remain online).
Legislative activity and
subsidies have superannuated
coal in the United States, Germany, Britain, Spain, Poland, and numerous other nations.
The World Bank's infrastructure program
in Indonesia stipulates policies and government
subsidies that promote the accelerated development of over 16 GW of
coal power projects
in the country ahead of developing feasible renewable alternatives.
UK
coal was nationalised
in 1947 so that it could run at a loss as a form of public
subsidy to UK private manufacturing industries.
He said fossil fuel
subsidies were endemic
in the US: «Every single well, pipeline, refinery,
coal and gas plant
in the country is heavily subsidised.Big Fossil's lobbyists have done their jobs well for the last century.»
It's more often the beneficiary of implicit or explicit government
subsidies to make it more affordable for the
coal industry to operate (the land is practically given to them for free, they get tax expenditures hand over fist, their roads are most often built for them by the state, they're exempted from waste - disposal regulations, allowed to dump and run, and use some of the most tyrannical and abject labor standards
in the world).
Once all these idiotic feed -
in and
subsidies disappear, common sense will prevail, and
coal and other fossil fuels will continue to rule
In an amusing sideshow, Republican leaders tried to use their support for this legislation to strong - arm liberal Democrats into supporting a bill extending
coal subsidies, on the theory that passing one bill that benefits Dominion warrants passing another bill that benefits Dominion.
In practice, the
subsidies meant some
coal companies paid no state taxes, and actually received significant cash handouts, even as
coal jobs declined.
By comparing
subsidy figures
in Table 1
in Mining the Age of Entitlement (from TAI) with Queensland
coal royalty figures obtained from the Queensland Treasury, we see that
coal subsidies over recent years have amounted to around 65 % of the amount Queensland received
in royalties from
coal exports.
In this briefing, we describe the most important coal subsidy streams in Europ
In this briefing, we describe the most important
coal subsidy streams
in Europ
in Europe.