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TopicPolitics Containment Topic 101: Purple Sock
Nelson_Mandela
06/01/17 9:48:39 PM
#486:


TheRock1525 posted...
Nelson_Mandela posted...
banananor posted...
if the government (trump) hands out big fat subsidies to non renewables the renewables won't be able to compete

Renewable energy is subsidized far more than anything already


A 2016 study estimated that global fossil fuel subsidies were $5.3 trillion in 2015, which represents 6.5% of global GDP.

...

Global renewable energy subsidies reached $88 billion in 2011.


Something tells me that renewable energy subsidies haven't jumped x70 in those 5 years.

This is the gross amount... You have to look at the percentage. Of course the gross subsidies will be more when the oil industry is a hundred times the size of the solar industry
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