Energy Subsidies
Frequent commentor Alex C. writes:
We need to get government OUT of control or manipulation over energy. The only role of government is to protect citizens from excessive pollution (excluding the CO2 global warming farce). Let the private sector invest and develop the technologies and let the most ECONOMICAL and CLEAN energy win. A job created by government taking of wealth does NOT create wealth…..it just destroys it.
Alex: I actually agree with most of this. The problem lies in extricating government fully — not just out of the clean energy side, but from the fossil fuel side as well, which, according to reports I find credible, receives 12 times the level of funding that renewables does. And it goes without saying that the nuclear energy industry couldn’t exist for 10 minutes without enormous government subsidies. The U.S. nuclear industry has received $100 billion in government subsidies over the past half-century, and federal subsidies now worth up to $13 billion a plant.
As I noted, this list of subsidies for fossil fuels takes many forms, some of them (deliberately?) hidden: (more…)