BNEF report: Governments spend much more on subsidizing fossil fuels than renewables
New research issued by Bloomberg New Energy Finance (BNEF) shows that governments are spending much more on subsidizing dirty forms of energy than on solar, wind, other renewable energies, and biofuels. The report reveals that support for cleaner sources is dwarfed by the help that the petroleum, coal, and other fossil-fuel sectors receive–by a better than 10:1 margin.