NewEnergyNews: OLD ENERGY SUBSIDIES = 5X $$$ SPENT IN CLIMATE FIGHT

NewEnergyNews

Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

While the OFFICE of President remains in highest regard at NewEnergyNews, this administration's position on climate change makes it impossible to regard THIS president with respect. Below is the NewEnergyNews theme song until 2020.

The challenge now: To make every day Earth Day.

YESTERDAY

  • ORIGINAL REPORTING: How California Is Easing Off NatGas With New Energy
  • ORIGINAL REPORTING: Illinois cloud computing debate could open utility rate reform
  • THE DAY BEFORE

  • TODAY’S STUDY: The Value Of Transportation Elecrification
  • QUICK NEWS, December 12: The “Fight-Climate-Change” Diet; Market For Advanced EV Batteries To Quadruple By 2026; The Low Lifecycle Costs In New Energy
  • THE DAY BEFORE THE DAY BEFORE

  • 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
  • THE DAY BEFORE THAT

  • 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 LAST DAY UP HERE

  • 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
  • --------------------------

    --------------------------

    Founding Editor Herman K. Trabish

    --------------------------

    --------------------------

    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

    -------------------

    -------------------

      A tip of the NewEnergyNews cap to Phillip Garcia for crucial assistance in the design implementation of this site. Thanks, Phillip.

    -------------------

    Pay a visit to the HARRY BOYKOFF page at Basketball Reference, sponsored by NewEnergyNews and Oil In Their Blood.

  • ---------------
  • TODAY AT NewEnergyNews, December 13:

  • ORIGINAL REPORTING: How California Is Easing Off NatGas With New Energy
  • ORIGINAL REPORTING: Illinois cloud computing debate could open utility rate reform

    Thursday, December 06, 2012

    OLD ENERGY SUBSIDIES = 5X $$$ SPENT IN CLIMATE FIGHT

    Fossil-Fuel Subsidies of Rich Nations Five Times Climate Aid

    Alex Morales, December 3, 2012 (Bloomberg BusinessWeek)

    “Rich countries spend five times more on fossil-fuel subsidies than on aid to help developing nations cut their emissions and protect against the effects of climate change, the Oil Change International campaign group said…In 2011, 22 industrialized nations paid $58.7 billion in subsidies to the oil, coal and gas industries and to consumers of the fuels, compared with climate-aid flows of $11.2 billion…

    “The data underline the steps developed nations may be able to take to cut their emissions as ministers from 190 nations meet in Doha to discuss measures to curb global warming. Eliminating the subsidies would reduce incentives to pollute and help rich nations meet their pledge to provide $100 billion a year in climate aid by 2020…”

    “…[Subsidies enabling] consumers to fuel cars and heat their homes more cheaply…totaled $523 billion last year, mainly from support paid out in developing countries. Production subsidies make it cheaper for oil and gas companies to extract the fuels…U.S. and European Union envoys in Doha agreed that fossil fuel subsidies should be phased out…Aid is a keystone of climate agreements, and developing nations from Barbados to China have complained in Doha about the lack of transparency surrounding $30 billion of so-called fast- start finance that industrialized nations pledged to pay for the three-year period ending in 2012. They’re also calling for a ‘‘roadmap’’ setting out how the $100 billion goal will be met…

    “Of the 22 nations examined, Slovenia and Finland paid out more than 50 times in subsidies what they gave in climate aid…U.S. subsides were the highest at about $13.1 billion, or five times its $2.5 billion of climate aid in 2011…[The current U.S.] administration has been seeking to eliminate about $4 billion in annual fossil fuel subsidies [but] Congress has yet to act…While Congress has approved almost $7.5 billion in fast- start finance over the three years, at an average of about $2.5 billion, its actual contribution in 2011 was $3.2 billion…Australia paid $8.4 billion in subsidies, while Germany and the U.K. paid $6.6 billion each….Japan had the best record, with aid of $5 billion exceeding fossil fuel subsidies of $439 million…”

    0 Comments:

    Post a Comment

    << Home