$SNPW US doubles renewable subsidies to $15.6 bill
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Posted On: 08/03/2023 11:48:56 AM
$SNPW US doubles renewable subsidies to $15.6 billion in last seven years, EIA says -With solar applications making up the largest share of the subsidies!
Aug 2 (Reuters) - U.S. subsidies for renewable energy producers more than doubled between 2016 and 2022, forming nearly half of all federal energy-related support in that period, a U.S. government report released on Tuesday showed.
Renewable subsidies jumped to $15.6 billion in fiscal year 2022 from $7.4 billion in fiscal year 2016, according to the Energy Information Administration's Federal Financial Interventions and Subsidies in Energy report.
Most of those subsidies took the form of tax incentives in recent years, with solar applications making up the largest share of the subsidies due in part to rapid industry growth, the report showed.
https://www.reuters.com/business/energy/us-do...023-08-02/
Aug 2 (Reuters) - U.S. subsidies for renewable energy producers more than doubled between 2016 and 2022, forming nearly half of all federal energy-related support in that period, a U.S. government report released on Tuesday showed.
Renewable subsidies jumped to $15.6 billion in fiscal year 2022 from $7.4 billion in fiscal year 2016, according to the Energy Information Administration's Federal Financial Interventions and Subsidies in Energy report.
Most of those subsidies took the form of tax incentives in recent years, with solar applications making up the largest share of the subsidies due in part to rapid industry growth, the report showed.
https://www.reuters.com/business/energy/us-do...023-08-02/
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