Wednesday, November 13, 2013

Renewable energy sources received 25 times more in taxpayer subsidies per energy unit produced than fossil fuels in 2010

Renewable energy sources received 25 times more in taxpayer subsidies per energy unit produced than fossil fuels in 2010 | AEIdeas:
"In 2010, renewable energy received $14 billion of government taxpayer subsidies, while fossil fuels energy sources received only $4 billion of taxpayer handouts that year, according to estimates by the Energy Information Administration (EIA) and reported in today’s WSJ by Bjorn Lomborg in an op-ed.
According to energy production data from the EIA, the US produced 8.12 quadrillion BTUs of renewable energy in 2010 from geothermal, solar, wind and biomass sources, while the energy produced from fossil fuels (coal, oil and natural gas) totaled 58.2 quadrillion BTUs."

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