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anthonyb - the article is not clear on what the subsidies were. It also doesn't factor in the royalties that developed fields will produce. So I can't really
by brc 14y ago
anthonyb - the article is not clear on what the subsidies were. It also doesn't factor in the royalties that developed fields will produce. So I can't really determine that.
However, in nearly every case where I see 'x industry gets y billion' in subsidies, the numbers are usually things like tax rebates on R&D, which apply to every industry, including software, and, in Australia particularly, the off-road diesel fuel excise rebate, which is not a subsidy but merely a refunded tax because diesel excise is for investing in the road network. Again, many industries receive a diesel excise exemption, including fishing and agriculture.
Whereas most 'renewable' industry subsidies are direct payments.
- anthonyb 14y agoIt is a bit light on detail, but still there are significant subsidies which are paid to the oil, coal and gas industries. There are some fairly detailed numbers released by the Greens: http://nonewcoal.greens.org.au/coal/speeches http://nonewcoal.greens.org.au/coal/speeches The basic gist is that solar gets ~1/20th of the subsidy that coal does. All of that overlooks the built in subsidies though, namely that fossil fuel power plants can dump pretty much whatever they want into the atmosphere. The health impacts of that alone are immense, and there's no other industry which gets away with that.