US Tax Breaks for Renewables Far Exceed Those for Fossil Fuels

摘要

Federal tax "preferences" for renewable energy and energy efficiency far exceed those for fossil fuels, according to an analysis released by the non-partisan Congressional Budget Office on Thurday. The report found that tax preferences for fossil fuels accounted for around 15% of federal energy subsidies last year, while 78% of energy subsidies available last year were steered toward alternative modes of transportation, renewable forms of electricity and energy efficiency upgrades.