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Renewable Energy Subsidies Declined in 2016, says EIA (Ind. Report)
Energy Information Administration
Date: 2018-04-30
The U.S. Energy Information Administration (EIA) is reporting that federal subsidies for renewable energy -- including biofuels for transportation use and renewable generation of electricity -- fell to $6.7 billion in fiscal year (FY) 2016, a 56 pct fall from FY 2013. Renewable subsidies in FY 2016 were about half the amount for FY 2010 and FY 2013, about $15 billion, as support from the American Recovery and Reinvestment Act of 2009 (ARRA) lessened.

EIA defines subsidies as funds that a government expends or revenue it foregoes to encourage or support certain activities. EIA's report includes direct expenditures, tax expenditures, research and development (R&D), and credit subsidies to recipients of federal loan guarantees.

Tax expenditures provided 80 percent of FY 2016 subsidies for renewables. More than half (51 percent) of the $5.6 billion in renewable tax expenditures went to biofuels which accounted for 77 pct of tax expenditures in FY 2010, but only 31 pct in FY 2013. (Source: US EIA, Grand Island Independent, 28 April, 2018)

More Low-Carbon Energy News Energy Information Administration,  Renewable Energy,  Renewable Energy Incentive,  

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