Ending Fossil Fuel Subsidies Will Save Taxpayers Billions Every Year : TreeHugger.
The only people in the world who actually benefit from the government subsidies doled out to fossil fuel companies—to the tune of over $775 billion annually, in total around the world—are the fossil fuel companies themselves.
It should be obvious, and not need repeating, or be a controversial statement, but it is and is why NRDC has just released a report detailing the myriad benefits of shutting off the corporate welfare tap flowing to oil, coal, and natural gas companies.
Beyond that financial savings to taxpayers around the world, each year, NRDC outlines the following benefits of ending fossil fuel subsidies:
- Cut carbon dioxide emissions 6% by 2020.
- Reduce overall energy demand 5% by 2020.
- Importantly, they won’t hurt the poor, as the vast majority of fossil fuel subsidies are not at the consumer level, and instead benefit wealthy corporations directly and solely.
More from the NRDC on fossil fuel subsidies: NRDC Fossil Fuel Factsheet
by Susan Kraemer
Most clean energy sites get reader comments like: “You hippies all just want us to live in caves!” As if the only actual usable energy is fossil energy.
Anyone who writes about renewable energy or climate policy soon discovers your fear that if we replace coal and gas electricity, if we switch to wind and solar, hydro and geothermal, biomass and ocean power, that means there will be no more life as we know it.
mage via Shutterstock/MattJones
We will descend from the first-world standard of living we are used to — to living in caves.
Well, perhaps I can show you first-hand experience of what it might be like, living in a nation that is 80 percent powered by renewable energy, because I’ve lived in one for almost a year.
I moved from California, with its typical American first world standard of living, to New Zealand — with a pretty much identical standard of living, 80 percent powered by renewable energy.
I can attest that, other than subway train drivers, New Zealander’s don’t spend much time in dark caves.
If you live in one of the states in the U.S. that is over 80 percent coal-powered, you might be unable to imagine such a radically different way of keeping the lights on. But you’d find that your actual standard of living will not change if your life is 80 percent clean powered.
For full article go to: New Zealand