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Study Finds that US Subsidies for Fossil Fuels Are Almost 2.5x Those for Renewables

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US subsidies for fuels and renewable energy, 2002-2008. The study, “Estimating US Government Subsidies to Energy Sources: 2002-2008”, found that fossil fuels benefited from approximately $72 billion over the seven-year period, while subsidies for renewable fuels totaled $29 billion. Nuclear was not included in the analysis.

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Stanford GCEP awards $6.6M to 7 projects; focus on combining energy conversion with carbon-neutral fuel production

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The 7 awards bring the total number of GCEP-supported research programs to 104, with total funding of approximately $125 million since the project’s launch in 2002. The goal is to design a novel fuel cell that uses coal and water to generate hydrogen, water and a stream of carbon dioxide gas, which can be captured and sequestered.

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Global CO2 emissions up 3% in 2011; per capita CO2 emissions in China reach EU levels

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Some of the findings of the report include: Global consumption of coal (responsible for about 40% total CO 2 emissions) grew in 2011 by 5%, whereas global consumption of natural gas and oil products increased by only 2% and 1%, respectively. Since 2002, annual economic growth in China accelerated from 4% to 11%, on average.

2011 236
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DOE finalizes $96.8M loan guarantee for Oregon Geothermal Project; supercritical binary geothermal cycle

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Unlike coal-fired and natural gas-fired power generation plants, geothermal plants produce virtually no greenhouse gas emissions. Additional DOE-supported projects include two of the world’s largest solar thermal projects, the world’s largest wind farm, and the nation’s first nuclear power plant in three decades.

Oregon 170
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Annual Increase in Global CO2 Emissions Halved in 2008; Decrease in Fossil Oil Consumption, Increase in Renewables Share

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Since 2002, the average annual increase was almost 4%. In addition to high oil prices and the financial crisis, the increased use of new renewable energy sources, such as biofuels for road transport and wind energy for electricity generation, had a noticeable and mitigating impact on CO 2 emissions. Emissions increased by 1.7%

2008 170
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US DOE Issues Request for Information on Hydrogen and Fuel Cell Market Development; Reports to Congress on Program

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Hydrogen produced by water electrolysis has the potential to be a useful means of storing excess electricity generated using wind, solar, and other intermittent renewable energy. Integrated renewable hydrogen systems and public-private community-based partnerships. The 2015 cost target was $2-$3/gge.

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Time to cut subsidies for fossil fuels? The Green Piece

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The research, released on Friday by the Environmental Law Institute (ELI) and named “Estimating US government subsidies to energy sources 2002-2008” , found that fossil fuels benefited from subsidies totalling $72million over this period compared to just $29billion for renewable fuels. Why is so much money dedicated to fossil fuels?

Green 36