(The Center Square) – Renewable energy, led by wind and solar, received $15.6 billion in federal government subsidies in fiscal year 2022, far more than fossil fuels.
The coal industry received $873 million and natural gas and petroleum liquids industry received $2.3 billion, according to a recent report from the Energy Information Administration.
Critics say the billions in subsidies allow renewable energy to masquerade as affordable by offsetting their costs through government spending. Advocates say the government’s transition from subsidizing fossil fuels to renewables is long overdue and needed to move this country to a cleaner form of energy.
Renewable energy was booste …
Renewable energy the big winner when it comes to federal subsidies
Posted in Economy