28 Feb '12, 12am

Wind power still gets lower public subsidies than fossil fuel tax breaks

Public subsidies for the development of wind power in the UK are dwarfed by the tax breaks enjoyed by fossil fuels, a new Guardian analysis has revealed. Financial support for fledgling renewable energy industries has increasingly come under attack in recent months, but the new data shows that the older industries benefit to a far greater extent. Gas, oil and coal prices were subsidised by £3.63bn in 2010, according to data from the Organisation for Economic Co-operation and Development , whereas offshore and onshore wind received £0.7bn in the year from April 2010. All renewables in the UK benefited from £1.4bn over the same period, according to data from the Department of Energy and Climate Change (Decc). FURTHER READING Vince Cable sets out goal for long-term green growth Wind energy companies fear government's commitment is cooling The government argues that investing ...

Full article: http://www.businessgreen.com/bg/news/2155488/wind-power-l...

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