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The definition of what is and is not a subsidies is extremely difficult to agree on, but many studies show renewable subsidies are large relative to fossil fuel
by Lazare 11y ago
The definition of what is and is not a subsidies is extremely difficult to agree on, but many studies show renewable subsidies are large relative to fossil fuel subsidies. From Wikipedia:
"On March 13, 2013, Terry M. Dinan, senior advisor at the Congressional Budget Office, testified before the Subcommittee on Energy of the Committee on Science, Space, and Technology in the U.S. House of Representatives that federal energy tax subsidies would cost $16.4 billion that fiscal year, broken down as follows:
Renewable energy: $7.3 billion (45 percent)
Energy efficiency: $4.8 billion (29 percent)
Fossil fuels: $3.2 billion (20 percent)
Nuclear energy: $1.1 billion (7 percent)"
(If you add in more items than the CBO does, you'll get different numbers, but this rapidly gets problematic. For example, in the US, R&D spending is not taxed, and can be deducted from gross revenue before calculating a tax bill. For some people, that means that the US subsidizes R&D for fossil fuel research, but since the US subsidies all R&D, I don't feel like this qualifies as a specific subsidy to fossil fuels. If you disagree, then renewable and fosssil fuel subsidies start to look more even, but nuclear subsidies dwarf both of them.)