https://issuesinsights.com/2023/10/06/the-green-energy-subsidy-lie/
Environmentalists have long complained about oil and gas industry subsidies. But we don’t hear from them regarding the subsidies paid out for politically favored renewable energy programs, even though the supposedly green sources are dining sumptuously on taxpayers’ dollars. In fact, renewables are more heavily subsidized than the fossil fuels, and it would be difficult if not impossible for them to exist without the support.
From 2016 to 2022, “energy-specific subsidies and support” totaled $183.3 billion, according to a U.S. Energy Information Administration report. While “wind and solar power account for about 21% of domestic electricity production,” they nevertheless took in “a staggering $83.8 billion in subsidies, by far the largest share compared to any other category,” says Fox News.
The EIA says that over that period, “nearly half (46%) of federal energy subsidies were associated with renewable energy,” with “federal support for renewable energy of all types” more than doubling, from $7.4 billion in fiscal 2016 to $15.6 billion in fiscal 2022.
Meanwhile, “natural gas and petroleum-related tax expenditures” – which are not direct government spending nor tax loopholes – were $2.1 billion in fiscal 2022.