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And the subsidies are diverting investment from economic low-carbon alternatives such as solar, wind and hydro-power. And they are undermining the prospects for an ambitious climate deal in 2015. But these subsidies – for finding new reserves of oil, gas, and coal – are just a fraction of the subsidies paid for fossil fuels production and use, which totalled $US775 billion in 2012, compared to just $US101 billon in subsidies for renewable energy in 2013. This is despite the fact that renewable energy subsidies created $2.50 of investment for every dollar in subsidy, compared to just $1.30 in investment for every $1 in fossil fuel subsidies, underlying how reliant fossil fuels are on state and other subsidies.
www.theguardian.com... a reply to: AlaskanDad
The heirs to the fabled Rockefeller oil fortune withdrew their funds from fossil fuel investments on Monday, lending a symbolic boost to a $50bn divestment campaign ahead of a United Nations summit on climate change.
The former vice-president, Al Gore, will present the divestment commitments to world leaders, making the case that investments in oil and coal have an uncertain future.
With Monday’s announcement, more than 800 global investors – including foundations such as the Rockefeller Brothers, religious groups, healthcare organisations, cities and universities – have pledged to withdraw a total of $50bn from fossil fuel investments over the next five years.
originally posted by: stirling
The free energy myth is a scam......there is no free energy.....
All the alternatives are not cost effective......
Try running your chain saw in batteries and see how many trees you can cut........its not happening baby....just not happening...
German electricity consumers will for the first time see a drop in the fee added to their bills to fund renewables, a boost for Chancellor Angela Merkel, who has pledged to curb the cost for voters. Germany’s four grid companies set the EEG Umlage charge paid through power bills at 6.17 euro cents (7.8 U.S. cents) a kilowatt-hour next year, down from 6.24 euro cents now, according to a joint statement. The fee has risen more than fivefold since 2009, helping make household power bills the second-highest in the European Union.
Lawrence Berkeley National Laboratory (LBNL) has released its latest "Tracking the Sun" report, Tracking the Sun VII. The analysis uses data from 300,000 residential, commercial, and utility-scale solar installations to examine the installed price of solar across the US. The installations surveyed cover 80% of the grid capacity of US solar PV installations through 2013. The key finding of the report is as follows: "Installed prices continued their precipitous decline in 2013, falling year-over-year by $0.7/W, or 12-15% depending on system size range. Among projects installed in 2013, median installed prices were $4.7/W for systems ≤10 kW, $4.3/W for systems 10-100 kW, and $3.9/W for systems >100 kW."