Friday, November 06, 2015

Energy 48, US energy subsidies and global energy consumption

Another outstanding and critical posting in by Willis Eschenbach, Thirty Years of Subsidies, November 5, 2015. He pointed at the US federal government energy subsidies -- in the US alone (EU, Canada, Japan, etc. not included), in 2013 alone (previous years not included).

Subsidies to coal + nat gas + nuke = $5.1 billion.
Subsidies to all renewables including biofuels = $15.0 billion.
  Of which for solar and wind alone = $11.3 billion.


The above subsidies to renewables also do NOT include:
-- subsidies by state and city governments, that's by the federal government alone;
-- subsidies via "renewable energy mandates" or mandatory use of renewables even if cheaper energy from non-renewables are available;
-- implicit subsidies via cap-and-trade, carbon taxes to fossil fuels.

So is the US and the rest of the world shifting more to solar and wind because of those direct and indirect subsidies for them, vs. taxes and penalties against fossil fuel energy sources?

The sad answer is NO. Actual energy consumption by the 7+ billion people in the planet is mainly supplied by fossil fuels.
Three lessons, according to Willis:

1. So little our ~ hundred billion dollars in solar and wind subsidies has bought us. If that was supposed to be our insurance policy, it’s not only a failure, it’s a cruel joke.

2. Failure of these “We’re all DOOOMED!! We’re running out of energy!” kind of prophecies.

3. Ludicrous claims that solar and wind are making serious inroads into the global demand for energy. They are not. Solar and wind are a rounding error.

Amen to that.

See also:

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