3 ms·
In the U.S. we spend the following on tax subsidies each year: 1. Renewable energy: $7.3 billion 2. Energy efficiency: $4.8 billion 3. Fossil fuels: $3.2 billio
by stvswn 7y ago
In the U.S. we spend the following on tax subsidies each year:
1. Renewable energy: $7.3 billion
2. Energy efficiency: $4.8 billion
3. Fossil fuels: $3.2 billion
4. Nuclear energy: $1.1 billion
The subsidy number you're referring to is calcuated by adding negative externalities related to air pollution and climate change to the numbers. Those estimates don't reflect funds that could have been spent elsewhere and it doesn't reflect funding priority.