A blog from University of Borås

Friday, November 4, 2011

World subsidies for fossil- or biofuels?

When talking about biofuels, many actors and authorities complain that biofuels such as ethanol, biogas, biodiesel etc. cannot survive without subsidiary and need governmental financial support. It is a fact and can be true in several cases. However, a recent report from IEA- World Energy Outlook in 2011, shows that the world subsidies to fossil fuels in 2009 and 2010 was about 300 and 409 billion USD, respectively, while the subsidies for the biofuels was less than 20% of this amount.

(The data from IEA, and the picture has borrowed from here)

No comments:

Post a Comment