Fossil fuel subsidies 10x renewables support

by Jess McCabe from Environmental Finance. Some interesting data on fossil fuel subsidies.

Worldwide renewable power and biofuels received $43 billion-46 billion in subsidies last year, only a fraction of the government subsidies for fossil fuels, according to preliminary figures from Bloomberg New Energy Finance.

By contrast, governments propped up fossil fuels with $557 billion of subsidies in 2008, according to figures published in June by the International Energy Agency.