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From Electrek: Fossil-fuel subsidies dropped sharply by 35%, still more than double money...

Discussion in 'News from Electrek.co' started by RSSFeed, Dec 19, 2016.

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  1. RSSFeed

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    Fossil-fuel subsidies dropped sharply by 35%, still more than double money spent on renewable energy subsidies

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    In its latest ‘World Energy outlook’ report, the International Energy Agency (IEA) found that fossil-fuel subsidies dropped sharply by 35% last year – from almost $500 billion in 2014 to $325 billion in 2015. It’s a significant improvement, but the industry remains largely over subsidized relative to the renewable energy industry, which receives about half the monetary value in subsidies – $150 billion. more…

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    Articles like this give me hope that guys like Trump can't have as big of an impact on fossil fuel spending as they claim. It's in a downward trend. I think most of humanity has got the memo that global warming isn't a hoax no matter what the politicians say. While the US is a global leader it's also got almost every other country as its customer. Kinda have to follow the global market trends.
     
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