• Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Venango County Tea Party Patriots

A non-partisan, non-profit, non-member, association dedicated to educating the public and promoting the principles of fiscal responsibility, constitutionally limited government and free market economics, and all other lawful activities.

  • Home
  • Events
  • Alerts
  • Resources
    • Resources – National
    • Resources – Pennsylvania
    • Resources – Venango County
    • Election Voter Registration Resources for Churches
    • Voter Resources
    • Resources – Other Organizations
  • Voter Registration Tools
  • Get Email Alerts
  • Contact Us

Jane Richey / June 5, 2012

Renewable Energy Subsidies 6.4 Times Greater Than Fossil Fuel

The Congressional Budget Office (CBO) at the request of the Senate Energy and Natural Resources Committee evaluated federal subsidies received by the various energy industries for fiscal year 2011. The agency found that energy-related subsidies totaled $24 billion, of which $16 billion were spent on renewable energy and energy efficiency and $2.5 billion on fossil fuels in fiscal year 2011. In other words, renewable energy technologies and energy efficiency programs received 6.4 times more subsidies than fossil fuels received. The ethanol industry, which received over $6 billion, was the single largest renewable energy recipient and the wind industry was the second largest renewable energy recipient, according to CBO.

The Energy Information Administration (EIA) evaluated federal subsidies for fiscal year 2010 using a broader definition and found that federal energy-related subsidies and financial interventions totaled $37.2 billion, of which $21.3 billion was for renewable energy and energy efficiency (57 percent) and $4.2 billion was for fossil fuels (11 percent). They were in agreement with the CBO on biofuels and wind being the largest renewable recipients of subsidies. But, EIA also found that the largest recipients of subsidies also produced the smallest amounts of energy for the nation. (IER’s write-up of the EIA study is here.)

Read more.

Share this:

  • Telegram
  • Facebook
  • Twitter
  • LinkedIn
  • Pocket
  • WhatsApp
  • Print
  • Email

Filed Under: Constitutionally Limited Goverment, Fiscal Responsibility, Free Markets Tagged With: biofuels, Congressional Budget Office, energy efficiency, Energy Information Administration, fossil fuels, renewable energy

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

Recent Posts

  • Local Candidate “Meet & Greet” – March 2, 2023
  • Sept. 11, 2022 – Patriot’s Day – 2nd Screening
  • So, what’s VCTPP doing to bring Election Integrity back?

Archives

Footer

Contact Us

Venango County Tea Party Patriots
155 Summit Drive
Franklin, PA 16323

Phone
814-671-7110

Email
jane@vctpp.org

Frequently Searched Terms

Agenda 21 Barack Obama Ben Bernanke budget climate change Congress Congressional Budget Office debt deficit Department of Energy Department of Health and Human Services economy environment Environmental Protection Agency EPA Federal Reserve fiscal cliff food stamps fracking gas prices global warming Government Accountability Office Governor Corbett green energy Internal Revenue Service IRS Keystone Pipeline marcellus shale Medicaid Medicare natural gas Obamacare President Obama recession regulations sequestration small businesses Social Security spending cuts stimulus taxes TEA Party unemployment United Nations voter ID

Facebook has been “fact-checking,” blocking and removing conservative posts. Follow us on Telegram.org for unedited access.

Click Here

Follow Us

Follow Us

Copyright © 2023 Venango County Tea Party Patriots · Web Design by OptimusMedia.com · Log in