4 ms·
Optimistic articles like this makes gives me a bit of hope that maybe we can start cutting down on current trend of increased total subsidies for the energy sec
by belorn 2y ago
Optimistic articles like this makes gives me a bit of hope that maybe we can start cutting down on current trend of increased total subsidies for the energy sector. Taking a European perspective like the article, subsidies are around €200 billions per year, and €400 billions in 2022 if we account for interventions during the energy crisis of that year. As much as the trend of solar prices is going downwards, the trend of subsidies are pointing upwards with an alarming speed and consistency.
An other big part of government funded energy sector is the reserve energy strategy, generally made by paying natural gas power plants to be on stand-by. A major part of "connection grid" taxes goes directly to pay for those fossil fueled power plants. Rather than expanding the capacity and building new such fossil fueled thermal power plants, existing ones should be under planned obsolescence and be demolished when they reach their end of life. The increased dependency on natural gas is also having an impossible to ignore effect on the geopolitical climate in Europe.
https://op.europa.eu/en/publication-detail/-/publication/32d284d1-747f-11ee-99ba-01aa75ed71a1/language-en?WT_mc_id=Searchresult&WT_ria_c=37085&WT_ria_f=3608&WT_ria_ev=search&WT_URL=https%3A//energy.ec.europa.eu/ https://op.europa.eu/en/publication-detail/-/publication/32d...