Alternative Fuels Australia

Study: Funding favours fossil fuels

Posted by Car Geek on May 14, 2007

Although it should come as no surprise (being the reason this site exists), a study has confirmed it: Australia’s government funding overwhelmingly goes to non-renewable fuels such as oil and coal, to the tune of nearly $10 billion, according to a study completed by the University of Technology, Sydney and commissioned by Greenpeace. In comparison, renewable energy receives only $330 million. Of that $10 billion, approximately 74 per cent benefits the transport sector through avenues such as road subsidies. According to the study, the subsidies for the coal power industry are such that coal plants were able to be built when other options would have been cheaper.

(Source: Sydney Morning Herald)

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