When activists protest about “fossil fuel” subsidies, it is a case of extreme-wordsmithing. Like chinese-whispers, the truth gets turned 180 degrees. It takes a string of half truths stacked in a series to come up with something which is so completely counter to reality it is meaningless.
The reality is that governments around the world are paying billions each year to prop up an industry that is inefficient, uncompetitive and unproductive. It’s money that is desperately needed in health or in real medical and scientific research.
“More than US$70 billion of support is provided by governments to renewable energy production and consumption worldwide.”
[IEA (The International Energy Agency, which promotes "green energy" in it's header)]
That’s an annual figure. And the plan seems to be even more subsidies. (I thought the plan was to make renewables competitive?)
Source: IEA Key Graphs
Could it be $200 billion?
This UN group has an even higher number. I don’t know exactly how they define “green stimulus” spending, perhaps it was a one-off:
“Green government procurement will also be essential in the early stages of a transition to a green economy. In 2009, global green stimulus [...]