Wednesday, 19 September 2012

WHEN IS A SUBSIDY NOT A SUBSIDY?

This piece on the Bishop Hill blog highlights a completely ludicrous claim made by a politician that fossil fuels receive more subsidy than renewables. To back up his claim he quotes a report by the OECD (Organisation for Economic Co-operation and Development). He seems to ignore all the taxes that we pay for fossil fuels as well as the fact that investment in such things as wind turbines and solar panels only happen because of the massive subsidies on the energy produced. There is none so blind as those that won't look.

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