NewEnergyNews: WORLD ENERGY SUBSIDIES RISING

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The challenge now: To make every day Earth Day.

YESTERDAY

  • Weekend Video: Tesla Adds World’s Biggest Battery To Aussie Wind
  • Weekend Video: Solar And The Next Utilities
  • Weekend Video: Wind Builders On Wind
  • THE DAY BEFORE

  • FRIDAY WORLD HEADLINE-The Climate Change Gourmet
  • FRIDAY WORLD HEADLINE-UK Study Says Yes To Solar-Powered Electric Trains
  • FRIDAY WORLD HEADLINE-First Aussie Ocean Wind Project Gets $8BIL Funding
  • FRIDAY WORLD HEADLINE-EU Solar Goes Digital To Open New Services
  • THE DAY BEFORE THE DAY BEFORE

    THINGS-TO-THINK-ABOUT THURSDAY, December 7:

  • TTTA Thursday-City Mayors Unite To Fight Climate Change
  • TTTA Thursday-New Energy And Big Oil Unite Against Subsidies For Coal And Nuclear
  • TTTA Thursday-California Would Sell Only EVs After 2040
  • TTTA Thursday-Utilities In A Time Of Solar
  • THE DAY BEFORE THAT

  • ORIGINAL REPORTING: California Grid Users Collaborate to Streamline Communication Systems
  • ORIGINAL REPORTING: How To Get The Big Benefits Of Grid-Integrated Water Heaters
  • THE LAST DAY UP HERE

  • TODAY’S STUDY: Global Battery Energy Storage Competition Tightening
  • QUICK NEWS, December 5: Hope Or Fear For The Climate Fight?; New Energy Hits New U.S. Market Share Highs; Wind,Solar Make Grid Stronger And Power Cheaper
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    Founding Editor Herman K. Trabish

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    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

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  • TODAY AT NewEnergyNews, December 11:

  • TODAY’S STUDY: How The New Energy Marketplace Is Growing And Shifting
  • QUICK NEWS, December 11: N.C. Millennial Women Unite For Climate Fight; The White House Threat To New Energy; What’s Bad News In The Tax Bill For New Energy

    Friday, August 24, 2012

    WORLD ENERGY SUBSIDIES RISING

    Fossil Fuel and Renewable Energy Subsidies on the Rise

    Alexander Ochs and Reese Rogers, August 21, 2012 (Worldwatch Institute)

    “Total subsidies for renewable energy stood at $66 billion in 2010, but are still dwarfed by the total value of global fossil fuel subsidies estimated at between $775 billion and more than $1 trillion in 2012, according to new research…Although the total subsidies for renewable energy are significantly lower than those for fossil fuels, they are higher per kilowatt-hour [1.7¢ and 15¢ versus 0.1–0.7¢] if externalities are not included in the calculations…Unit subsidy costs for renewables are expected to decrease as technologies become more efficient and the prices of wholesale electricity and transport fuels rise.

    “The production and consumption of fossil fuels add costs to society in the form of detrimental impacts on resource availability, the environment, and human health. The U.S. National Academy of Sciences estimates that fossil fuel subsidies cost the United States $120 billion in pollution and related health care costs every year…[T]hese costs are not reflected in fossil fuel prices…but [are paid] by all taxpayers…”

    “According to projections by the International Energy Agency (IEA), if fossil fuel subsidies were phased out by 2020, global energy consumption would be reduced by3.9 percent that year compared with having subsidy rates unchanged…[B]y 2035, oil demand would decrease by 4 percent, natural gas by 9.9 percent, and coal demand by 5.3 percent…At the same time, a phase-out of fossil fuel subsidies would level the playing field for renewables and allow us to reduce support for clean energy sources…Progress toward a complete phaseout, however, has been minimal…Fossil fuel subsidies continue to far outweigh support for renewable energy…

    “Global production subsidies total an estimated $100 billion per year, and consumption subsidies add to roughly $675 billion…In 2010, developing countries spent roughly $193 billion, or 47 percent of all fossil fuel consumption subsidies, on oil while industrial countries spent roughly $28 billion…Since 2007, roughly 80 percent of spending on consumption subsidies occurred in countries that are net exporters of fossil fuels.”

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