Renewables Subsidized Far More Than Fossil Fuels

By CBO Staff

Tax Preferences Were Mostly for Renewable Energy and Energy Efficiency in 2011, but Many of Them Have Expired or Will Expire Soon

The budgetary costs of tax preferences aimed at encouraging energy efficiency and energy produced from renewable sources (such as wind and the sun) increased considerably in 2006, when several new preferences came into effect. Some of those preferences have expired or will expire soon.

Full report at the Congressional Budget Office's site.


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