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Fossil Fuel Vs. Renewable Energy Subsidies

Fossil Fuel Vs. Renewable Energy Subsidies Energy Matters 12 June 09 Renewable energy is often thought to be too expensive to be a real solution to our long term electricity generation needs. Coal and various fossil fuels on the other hand appears quite cheap. Or are they? While renewable energy’s opponents might complain about various subsidies and government rebates costing too much, what many people don’t realise is that fossil fuels have been subsidised to the hilt over the years. dditionally, strategies such as a solar feed in tariff scheme do not rely on government funding; in fact, feed in tariffs are stimulus without the public debt.……………………… In the recent Australian federal budget, $4.5 billion was earmarked to go towards clean energy, but over half will go towards  low-emissions coal technologies, also known as “clean coal” or “new generation coal“. 
 
With these sorts of massive injections continuing to sustain the fossil fuel industry, it does give pause for thought as to where Australia could be now with equivalent funding poured into the country’s renewable energy sector 

Fossil Fuel Vs. Renewable Energy Subsidies : Renewable Energy News

June 12, 2009 - Posted by Christina Macpherson | Uncategorized