A brand new report from the International Monetary Fund reveals that international locations all over the world spent $5.2 trillion on fossil gas subsidies in 2017. That’s half a trillion {dollars} greater than in 2015.

But it additionally reveals that fossil gas subsidy spending is down by half since 2012. What offers? How a lot are we really spending to make fossil fuels cheaper?

On this episode of The Energy Gang, we’ll make clear the other ways economists are measuring that spending.

Then, U.S. tax subsidies for solar and wind are set to ramp downward as a part of a deal struck in 2015. But some are calling for an extension of these credit as soon as once more. 

Wait, didn’t the business say it will be simply wonderful with out them? We’ll take a look at arguments for and in opposition to one other extension.

Finally, PG&E is warning California prospects about deliberate blackouts throughout this 12 months’s hearth seasons. Does this open up a brand new alternative for industrial microgrids and residential battery backup?

Recommended studying:

  • Atlantic: The Hidden Subsidy of Fossil Fuels
  • GTM: U.S. Solar Industry Braces for ITC Stepdown While Making the Case for Another Extension
  • Bloomberg: Democrats Try to Extend Wind, Solar Aid They Agreed to Let Die
  • SF Chronicle: Fire Danger Could Force SF Blackout, PG&E Says

Support for this podcast comes from PG&E. Did you understand that 20 p.c of EV drivers within the U.S. are in PG&E’s service space in Northern California? PG&E helps to impress company fleet automobiles. Get in contact with PG&E’s EV specialists to find out how you can take your transportation fleet electric.

We’re additionally sponsored by Wunder Capital. Wunder Capital is the main industrial solar financing firm within the United States. Click here to learn the way Wunder Capital might help you fiscal your subsequent industrial solar project.

Subscribe to GTM podcasts through Apple PodcastsGoogle PodcastsStitcherSpotify or wherever you discover your audio content material, or combine our RSS feed into the app of your alternative.

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