Comprehensive Algae Fuels Report

A detailed report on all aspects of the algae fuel value chain, the Comprehensive Oilgae Report will be of immense help to those who are on the threshold of investing in algae biofuels. More »

Algae-based Wastewater Treatment

Compiled by a diverse team of experts, with experience in scientific and industrial fields, the Comprehensive Report for Wastewater Treatment Using Algae is the first report that provides in-depth analysis and insights on this important field. It uses innumerable data and information from a wide variety of expert sources and market studies, and distills these inputs and data into intelligence and a roadmap that you can use. More »

Comprehensive Guide for Algae-based Carbon Capture

A Comprehensive Guide for Entrepreneurs and Businesses Who Wish to get a Basic Understanding of the Business Opportunities and Industry Dynamics of the Algae-based CO2. More ››


Comprehensive Report on Attractive Algae Product Opportunities

The report provides an overview of the wide range of non-fuel applications of algae – both current and future prospects. It will provide entrepreneurs with an idea of how to derive more benefits from their algal energy ventures. The report provides detailed case studies, success stories and factoids of companies that have been involved in the algae products venture More »

Comprehensive Castor Oil Report

There is no other comprehensive report available for castor oil anywhere in the world. This is the first of its kind, and currently, the only one. More ››

Bioplastics Market & Strategy Advisor

Bioplastics Market & Strategy Advisor, published by the Bioplastics Guide, is a unique guiding framework for businesses and entrepreneurs to chart a way forward provides a critical analysis of the status, opportunities & trends of the global bioplastics sector. More ››

Algae-Useful Substances

Pigments

PUFAs

Vitamins

Anti-oxidants


Other Novel Applications

Talk to us

Email: consult@eai.in

(or)

Call Narsi 7358263274

займ на карту ночью


Fossil Fuel Subsidies worth $312 Billion Should be Scrapped – IEA

April 11th, 2011 | No Comments | Posted in Biofuel, Energy

Policy makers and government officials have been lending a descent enough support for promoting clean technology at global level, by feeding the industry with incentives, subsidies, and tax credits. Renewable energy policies and mandates are getting reworked on regular basis. However, the conventional fossil fuels are silently being tamed in the back yard with many governments giving consistent subsidies for production.  This scenario might change in near term with the International Energy Agency touting some good aggressive moves.

Fossil fuels currently attract $312 billion in consumption subsidies, versus $57 billion for renewable energy. A strong reason why renewable energy is not picking up is thus understandable. The International Energy Agency has raised voice against cutting down those subsidies and using them to support clean technology. The need of the hour is more aggressive clean energy policies, especially the removal of fossil fuel subsidies and implementation of transparent, predictable and adaptive incentives for cleaner, more efficient energy options.

Agreed..!  Renewables are gaining momentum, but demand for fossil fuels is growing even faster. Despite the promising growth seen in the world of renewable energy, demand for traditional fossil-based energy has outpaced demand for clean energy. For the past decade, coal has been the fastest-growing global energy source, meeting 47 percent of electricity demand. There are many governments that still give whopping subsidies to locally sourced coals.

Cutting down subsidies for fossil fuels would not only help in shifting focus towards renewable, but with so much money left in the bank as a result of cutting down subsidies, the governments can do good by using them in further subsidising the renewable energy.

It is obvious that such huge numbers ($312 billion) can’t be reworked overnight. However, it could be done in a more systematic basis over a period of time. If such a turnaround happens, it would be a booster for the algae biofuel industry just like any other renewable energy industry.

 

Leave a Reply 2881 views, 1 so far today | | posted by

Leave a Reply

You must be logged in to post a comment.


Hot Algae Products (Click to know more)
Omega 3 Spirulina Astaxanthin Chlorella

Get in Touch

Send us a message to know more on how oilgae.com can help your organization.