At the request of the Secretary of Energy, the Energy Information Administration, an independent agency of the U.S. Department of Energy, evaluated the energy-related subsidies that the federal government provided in fiscal year 2016, updating a study that it did for fiscal years 2013 and 2010.
Federal subsidies to support non-fossil fuels in fiscal year 2016 totaled $7.047 billion, while those for fossil fuels totaled $489 million—higher by over a factor of 14, despite much higher production by fossil fuel producers.
Many states also waive tax payments specifically for renewable energy or offer other sweeteners for renewable energy production.
In FY 2016, 93 percent of federal energy fuel subsidies were associated with renewable and nuclear energy while only 7 percent were associated with fossil fuels.
Most of the energy produced in the United States in fiscal year 2016 was supplied by fossil fuels—78 percent compared to 22 percent for non-fossil fuels.
Of total federal energy fuel subsidies provided in fiscal year 2016, biofuels received the largest share of 37 percent, followed by solar energy at 30 percent, and wind energy at 17 percent.
Fossil fuels provide the yeoman share of U.S. energy production, but non-fossil fuels, particularly renewable energy, receive the major share of Federal subsidies and support.
https://canadafreepress.com/article/fossil-fuels-dominate-u.s.-energy-production-but-receive-a-small-percentage
Federal subsidies to support non-fossil fuels in fiscal year 2016 totaled $7.047 billion, while those for fossil fuels totaled $489 million—higher by over a factor of 14, despite much higher production by fossil fuel producers.
Many states also waive tax payments specifically for renewable energy or offer other sweeteners for renewable energy production.
In FY 2016, 93 percent of federal energy fuel subsidies were associated with renewable and nuclear energy while only 7 percent were associated with fossil fuels.
Most of the energy produced in the United States in fiscal year 2016 was supplied by fossil fuels—78 percent compared to 22 percent for non-fossil fuels.
Of total federal energy fuel subsidies provided in fiscal year 2016, biofuels received the largest share of 37 percent, followed by solar energy at 30 percent, and wind energy at 17 percent.
Fossil fuels provide the yeoman share of U.S. energy production, but non-fossil fuels, particularly renewable energy, receive the major share of Federal subsidies and support.
https://canadafreepress.com/article/fossil-fuels-dominate-u.s.-energy-production-but-receive-a-small-percentage
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