Subsidies for Renewable Energy Technologies: How Much?08 Sep
The question of subsidies for renewable energy production technologies versus other competing generation technologies is a constant theme. Recently, I found a source that sheds new light on that issue.
“The Institute for Energy Research decided to calculate the federal subsidies and support per unit of electricity production from the information provided in Energy Information Administrations report and the generation data in its Monthly Energy Review. The ratio of dollars to production is given in the following figure. As can be seen by the figure, solar is being subsidized by over 1200 times more than coal and oil and natural gas electricity production, and wind is being subsidized over 80 times more than the more conventional fossil fuels on a unit of production basis.”
Tags: Coal, Fossil Fuels, Gas, Hydro, Nuclear, Oil, Renewable Energy, SBIR, solar, Subsidies, Wind