You are here:www.orfonline.org » Energy News Monitor                                                                Welcome
Services
 
           
RENEWABLES / CLIMATE CHANGE TRENDS
 
Vol. VIII Issue. 22
Fossil fuel subsidies six times more than renewable energy

15 November 2011

November 9, 2011. Fossil-fuel consumers worldwide received about six times more government subsidies than were given to the renewable-energy industry, according to the chief adviser to oil-importing nations. State spending to cut retail prices of gasoline, coal and natural gas rose 36 percent to $409 billion as global energy costs increased. Aid for biofuels, wind power and solar energy, rose 10 percent to $66 billion.

      
 
 
© 2012 Observer Research Foundation. All Rights Reserved.