[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.
[more available at URL above]
Sustainablelorgbiofuel mailing list