Sentences with phrase «direct subsidies for renewables»

Not exact matches

In 2016, Governor of New York Andrew Cuomo directed the New York Public Service Commission to consider ratepayer - financed subsidies similar to those for renewable sources to keep nuclear power stations profitable in the competition against natural gas.

This means it covers the direct cost of low - carbon subsidies, energy efficiency and carbon taxes, as well as indirect costs due to strengthening grids, backing up intermittent renewables, compensating conventional generation for lost revenue through the capacity market and savings due to the merit - order effect, which pushes down wholesale electricity prices.

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.

Diverting any money to specific mid-stream market sectors (renewable energy for example — though a fan, we should eliminate all such direct subsidies) ignores that the majority of a consumer's carbon footprint is embedded in the products they buy.

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.

If you are going to subsidise at all then wouldn't direct subsidies to clean renewable power industries for example be more honest and logical?

But they're in the same ball park, and the Bloomberg complaint is that «This analysis shows that the global direct subsidy for fossil fuels is around ten times the subsidy for renewables.»

«This analysis shows that the global direct subsidy for fossil fuels is around ten times the subsidy for renewables.»