UNBELIEVABLE. Check out the graph in this article. "Wind and solar combined represented 94 percent of the federal renewable electricity-related subsidies in FY 2022, while producing a combined 5.5 percent of primary energy." Institute for Energy Research
"The Energy Information Administration (EIA), an independent agency of the U.S. Department of Energy, evaluated the amount of subsidies that the federal government provides energy producers for fiscal years 2016 through 2022, in its report Federal Financial Interventions and Subsidies in Energy, updating its previous subsidy reports. Federal subsidies to support renewable energy formed nearly half of all federal energy-related support between fiscal years 2016 and 2022. Traditional fuels (coal, natural gas, oil and nuclear) received just 15 percent of all subsidies between FY 2016 and FY 2022, while renewables, conservation and end use received a whopping 85 percent. "
To read the rest of the article, click here: Institute for Energy Research
- Log in to post comments