NewEnergyNews: Subsidies To Fossil Fuels Block New Energy

NewEnergyNews

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

The challenge now: To make every day Earth Day.

While the OFFICE of President remains in highest regard at NewEnergyNews, the administration's position on the climate crisis makes it impossible to regard THIS president with respect. Therefore, until November 2020, the NewEnergyNews theme song:

YESTERDAY

  • FRIDAY WORLD HEADLINE-Nearing The Tipping Point
  • FRIDAY WORLD HEADLINE-Informing Cities To Drive Action
  • FRIDAY WORLD HEADLINE-Images From The New Energy Transition
  • THE DAY BEFORE

  • Weekend Video: New Energy 10 Years Ago And Today
  • Weekend Video: Why New Energy Matters
  • Weekend Video: The Formula Has Changed
  • THE DAY BEFORE THE DAY BEFORE

    THINGS-TO-THINK-ABOUT THURSDAY,:

  • TTTA Thursday-Six Keys To The Energy Transition
  • TTTA Thursday-New Energy Bill Would Drive Energy Transition
  • TTTA Thursday-New Energy Nears National Dominance
  • THE DAY BEFORE THAT

  • ORIGINAL REPORTING: Seeking the new utility business model
  • THE LAST DAY UP HERE

  • TODAY’S STUDY: China 2050: A Fully Developed Rich Zero-Carbon Economy
  • QUICK NEWS, December 3: A Climate Crisis Refugee Every 2 Seconds; New Energy Crossing Over
  • --------------------------

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

    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 9:

  • TODAY’S STUDY: Grid Mod Best Practices Emerging
  • QUICK NEWS, December 9: When Action Slowed Climate Change (And Can Again); Ocean Wind Pioneer To Test ‘Green’ Hydrogen

    Friday, August 09, 2019

    Subsidies To Fossil Fuels Block New Energy

    Shifting Subsidies to Renewable Energy Instead of Propping Up Fossil Fuel Giants Would Prompt 'Clean Energy Revolution', Study Shows; "What we are doing is using taxpayers' money to boost hurricanes, to spread droughts, to melt glaciers, to bleach corals. In one word: to destroy the world."

    Julia Connelly, August 1, 2019 (Common Dreams)

    “…[I]f just 10 to 30 percent of the annual coal, oil, and gas subsidies were given to the renewable energy sector, the world could see a prompt reduction of fossil fuel emissions by nearly 20 percent…Fossil fuel companies receive more than $370 billion per year in subsidies from world governments. The International Monetary Fund (IMF) calculates the amount given to extractive industries as $5.2 trillion, including the cost of the yearly damage done by fossil fuel companies. In the U.S. in 2015, the government spent 10 times more on the fossil fuel industry than it did on education…Renewable energy companies providing solar, wind, and hydropower electricity are given only $100 billion yearly…

    In 2009, countries at the G20 summit agreed to phase out fossil fuel subsidies, but 10 years later, the economies have made little progress…[E]ven with less financial assistance from governments, the renewable energy sector is growing…Renewable energy sources are expected to provide nearly 30 percent of electricity by 2023, up from 24 percent in 2017, according to the International Energy Agency (IEA)…Meanwhile, the U.S. Energy Information Administration found that natural gas and coal power fell by 7.7 and 2.5 percent, respectively, between 2016 and 2017, while solar, wind, and hydropower saw gradual growth…[A switch of subsidies] would cut global emissions by a quarter while reducing the number of premature deaths due to pollution by half…” click here for more

    0 Comments:

    Post a Comment

    << Home