[Presumably fossil fuel subsidies will continue until they become economically viable. /end snark]

The Netherlands to halt subsidizing renewables as they become more viable


The Netherlands announced it will progressively phase out subsidies for renewable energies and focus its climate strategy on energy saving and carbon capture, according to Dutch government.

The news comes to reverse the last week’s decision which provided a 33 percent increase in subsidies for solar, wind, geothermal and other projects to 12 billion euros ($12.9 billion) in 2017, from 9 billion euros in 2016, as it struggles to reach 2020 targets. However, the “Energy Agenda” published by the Economic Affair ministry on Wednesday – establishing how greenhouse gas emissions can be reduced to 80-95 percent of 1990 levels by 2050 - said subsidies would be phased out as renewables become more viable. For instance, offshore wind turbines will no longer need them by 2026 and the government envisages designating new areas of the North Sea for wind energy. On the other hand, the Dutch government will focus on electric car proliferation and will invest some 20 billion euros in the development of a smarter and more capable grid that’s suited for intensive EV charging by 2035. As a result, individuals will be able to invest much easier in renewables, as power companies have been encouraged to make that process easier. Industrial CO2 emissions will also be in the focus during the next period, and additional measures will be taken by learning from the experience that the UK and Germany have in carbon reduction technologies.


"The use of fossil fuels is being subsidised worldwide to the tune of billions of euros. Huge government support is encouraging carbon emissions and therefore climate change. The Netherlands alone pays out more than seven billion euros in subsidies each year. At the same time, world leaders in Copenhagen are complaining about global warming."


This research discovers that G20 country governments’ support to fossil fuel production marries bad economics with potentially disastrous consequences for climate change. In effect, governments are propping up the production of oil, gas and coal, much of which cannot be used if the world is to avoid dangerous climate change.

The report Empty promises: G20 subsidies to oil, gas and coal production documents, for the first time, the scale and structure of fossil fuel production subsidies in the G20 countries. The evidence points to a publicly financed bailout for some of the world’s largest, most carbon-intensive and polluting companies.

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