26 Jun '12, 3pm

Fossil Fuel Subsidies Are 5 Times Larger than Wind Energy Subsidies (12 Times Larger than Renewable Energy Subsidies)

Fossil Fuel Subsidies Are 5 Times Larger than Wind Energy Subsidies (12 Times Larger than Renewable Energy Subsidies)

Government support has already played an important role in expanding Europe’s use of wind power. And while the industry aims to be competitive in a fully liberalised market, wind power needs subsidies to get it on a level playing field with dominant fossil fuels which have received subsidies for decades. The industry is working hard to become fully cost-competitive with fossil fuels. And that is setting aside the fact that much of the environmental and human health cost of extracting, transporting and burning fossil fuels to make electricity is not included in the cost of fossil fuels. Costs have already fallen over recent years — largely due to improved turbine design and the increased efficiency of blades and other components. A recent report by the Grantham Research Institute found that onshore wind power will be cost competitive with fossil fuels by 2016 in the UK. Mea...

Full article: http://cleantechnica.com/2012/06/26/fossil-fuel-subsidies...

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