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.
Not exact matches
$ 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.
They involve billions of dollars of
subsidies of fossil fuel industries, of airport expansion and of road building, regulations which favour dirty technologies
over clearn ones, granting planning permission for
coal fire stations but refusing it for wind turbines, etc..
It's not
coal to liquids per se that is hair brained, it is that we would subsidized such an expensive, carbon intensive process, if indeed we have any money left
over after our ethanol
subsidies.
Oil
subsidies make up
over half of the total fossil fuel consumption
subsidies, while electricity makes up 24 percent, natural gas 22 percent and
coal 0.4 percent.
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.
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).
But if you subtract the $ 1.27 billion / year in
subsidies the Queensland
coal transport sector received
over the six years from 2008 - 09 to 2013 - 14, Queensland's «gain» from its numerous
coal mines was only around $ 670 million / year.
If you want to talk welfare, what about the hundreds of billions the oil, gas and
coal industries have received in
subsidies and tax breaks
over the years?
Over that seven - year period, government
subsidies to fossil fuels such as oil,
coal and natural gas totaled about $ 72 billion, according to the study by the Woodrow Wilson International Center for Scholars and the Environmental Law Institute.
The fact is that
over the last five years, wind power has added more new electric generating capacity in the USA than
coal and nuclear combined — in spite of the fact that both
coal and nuclear have enjoyed large, and permanent public
subsidies, while
subsidies for wind have been small, short - term and therefore unreliable.
But as Tom Sanzillo explains [PDF], the BLM's methods dramatically undervalue the
coal, so much so that it has amounted to a $ 28.9 billion
subsidy over the last 30 years.
(Given the massive
subsidies that the
coal industry has received
over the years, Louie and Pearce suggest that companies should be required to finance a retraining fund — possibly patterned after the 1977 Surface Mining Control and Reclamation Act, which mandates that companies pay into a federal fund for reclamation of abandoned mine land).
Coal is the dirtiest fuel in terms of both local air pollution and climate - warming carbon emissions and is therefore the greatest beneficiary of the
subsidies, with just
over half the total.