While many governments support electricity produced by wind, oil, gas, coal and nuclear all receive subsidies, and, despite having been subsidised for more than 50 years, continue to get substantially more than wind. According to the International Energy Agency fossil fuels are today receiving seven times the level of subsidies of renewable energy. The level of subsidies to fossil fuels has gone up by nearly 30% to $620 billion since 2010 and today fossil fuels receive six times more subsidies than renewable energy. Meanwhile atmospheric global carbon dioxide levels have reached a record high of 400 ppm seriously hindering efforts to bring human-produced emissions under control. Fossil fuel energy subsidy reform could take us a long way towards protecting the climate.
Posted in: Wind power FAQs