IEA stunner: global subsidies to dirty energy top $550 billion a year

(Blog Post) by David Roberts. File this one under “news that ought to be the top headline across the world but will likely be ignored.” An early draft of a comprehensive new study from the International Energy Agency reveals that total global subsidies to dirty fossil-fuel energy amount to $550 billion a year—about 75 percent more than previously thought. The Financial Times got a peak at the draft and covers it today, soliciting this absolutely fabulous quote ... Full Story »

Posted by Alexander Rose - via Tim O'Reilly, Grist , Mark Pegrum (t)
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Posted by: Posted by Alexander Rose - Jun 7, 2010 - 2:29 PM PDT
Content Type: Blog Post
Edit Lock: This story can be edited
Edited by: Jon Mitchell - Jun 12, 2010 - 8:12 AM PDT
Jon Mitchell
3.8
by Jon Mitchell - Jun. 8, 2010

This is a quick hit, but it sheds light on an important and problematic part of the modern energy equation. Roberts points out that any talk of a "free market" is absurd when status quo energy sources are so heavily subsidized.

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Julia Willebrand
3.6
by Julia Willebrand - Jun. 8, 2010

The story would have been more effective and useful with info on the distribution of subsidies, which industries, which countries, etc. And some info on how Obama squares pledges of reduction with increased nuclear and fossil fuel subsidies would have improved the piece.

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Mike LaBonte
2.8
by Mike LaBonte - Jun. 8, 2010

This is a cover blog, and the source article is behind a paywall. Slightly political, but this does accomplish piquing my interest in the IEA report. Not much depth at all in the discussion of subsidies here,

Oops, it's Fatih Birol, not Faith.

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Fred Gatlin
1.4
by Fred Gatlin - Jun. 8, 2010

This story is lacking in many ways. Why must we rely on the blue links to put together an article that is so short and lacking?

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Alexander Rose
3.9
by Alexander Rose - Jun. 8, 2010

While this story is obviously heavily slanted and relying on a single yet to be finalized source, the basic information about how much we subsidize fossil fuels is totally crucial to the argument around low carbon forms of energy generation.

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