Subsidies to old-school energy producers are under-reported, according to a study from watchdog group.
Reporting by Energy Information Administration tilts the playing field against renewables
By Summit Voice
SUMMIT COUNTY — A new federal report on energy subsidies is skewed in favor of fossil fuel and nuclear power, according to watchdog group that performed its own analysis to show the true scope of taxpayer funds going to oil companies, coal-burning power plants and nuclear reactors.
Consistently under-reporting direct and indirect federal subsidies to the nuclear and fossil fuel industries enables those industries to tout how much cheaper they are than renewable energy sources, according to the Union of Concerned Scientists.
“Thanks to reporting omissions, the nation’s most highly subsidized, polluting industries will be able to use the Energy Information Administration’s flawed analysis to claim they receive far fewer subsidies than emerging, clean energy technologies,” said Ellen Vancko, manager of the UCS Nuclear Energy and Climate Change Project. “Recent independent analyses show that nothing could be further from the truth.”
The problem with the EIA’s methodology stems from the fact that the agency adopted a “snapshot” approach to measuring subsidies by only looking at a single year: 2010. By doing that, Vancko, the agency failed to count the massive federal subsidies that the fossil fuel and nuclear industries have enjoyed for decades — benefits they presumably will continue to receive unless Congress acts to limit them, Vancko explained. Continue reading
Filed under: Colorado, energy, Environment, renewable energy, Summit County news | Tagged: energy, Energy Information Administration, Energy Policy Act of 2005, Energy subsidies, Fossil fuel, fossil fuel subsidies, nuclear power, renewable energy cost, Summit County News, Union of Concerned Scientists | 1 Comment »