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Government Report Confirms That Federal Energy-Related Subsidies Have Increased 108 Percent In 3 Years; Wind Subsidies Increased 10-fold

The Energy Information Administration (EIA), a research and data analysis arm of the Department of Energy, has released a report that details the amount of taxpayer subsidies that were distributed to energy producers in 2010. The federal government handed out $37.2 billion to energy producers in 2010, an increase of 108 percent from the $17.9 billion doled out in 2007. The largest increases in federal subsidies were in renewable and end-use subsidies.

Among the key findings:

– Subsidies to the wind industry increased 10-fold, from $467 million in 2007 to $4.9 billion in 2010, while that source’s share of total energy production increased from 0.5 percent to 1.2 percent during the same time.

– Renewable energy subsidies increased by 186 percent from $5.1 billion to $14.7 billion.

– In 2010, solar received $745.19 per unit of energy produced and wind received $52.68.  That same year, hydropower received $0.84 per unit of energy produced and coal received $0.64 per unit.

– In 2010, oil, natural gas, and coal accounted for 78 percent of U.S. energy production while receiving 11 percent of all federal energy subsidies.

 

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