Sentences with phrase «subsidies for fossil fuels amounted»

By contrast, subsidies for fossil fuels amounted to $ 409 billion in 2010.

Someone has already crunched the numbers for us (see link below) and found that subsidies for fossil fuels amounts to $ 15,720.69 per megawatt - hour while subsidies for solar amounts to $ 19,280.42 per megawatt - hour.

Not exact matches

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.

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.

Compared to existing New Jersey state subsidies for solar at fifty times this amount per megawatt - hour, the proposed help for nuclear plants would provide outstanding environmental protection value while paying for itself through lower fossil fuel bills and retained in - state jobs and tax revenue.

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.

Estimates suggest that, globally, this approach to funding could amount to $ 1.9 trillion from ending fossil fuel subsidies, $ 485 billion annually from eliminating agricultural subsidies, and $ 27 billion from ending subsidies for marine trawling.

Stunt highlights that massive amounts of public money go to subsidies for fossil fuels, rather than climate finance and renewables.