In 2012, Oil Received Six Times More Government Support Than Renewable Energy
As those of us who are concerned about global climate change turn our attention to the COP-18 meetings in Qatar, we note that the host of these talks is among dozens of countries that keep gas prices artificially low through subsidies that exceeded $500 billion globally last year. According to the article:
Renewable energy worldwide received six times less support — an imbalance that is just starting to earn attention in the divisive negotiations on curbing the carbon emissions blamed for heating the planet.
“We need to stop funding the problem, and start funding the solution,” said Steve Kretzmann, of Oil Change International, an advocacy group for clean energy.
Right on, Steve. It’s really just that simple. As long as the world keeps dumping huge sums of cash into making fossil fuels financially attractive, we’ll keep running 100 miles per hour into a global catastrophe. Thanks for your efforts to shine a light onto this tragedy. Keep up the good work.