GigaOM Pro Green IT analyst Adam Lesser wants to know in his latest column (subscription required): How is it that the political winds are beating against renewable energy support when fossil fuels have been supported for almost a century and their support is actually growing year to year, and yet nobody blinks an eye?
With that in mind, he took some time over the holidays to sit down with the monstrous, 351-page report from the International Energy Agency (IEA) and the Organisation for Economic Co-operation and Development (OECD) titled “Inventory of estimated budgetary support and tax expenditures for fossil fuels.”
He says the answer lies in the fact that when an industry has been subsidized for almost a century, as is the case with the fossil fuel industry, the ways in which those companies are supported get numerous and complex. The OECD’s report counted at least 250 mechanisms. Unlike the 1603 Program of the Department of the Treasury for clean power, most subsidies are far more opaque.
To read the rest of his column check out GigaOM Pro (subscription required).