US energy subsidies in 2005

.."the world's governments have intervened in the marketplace to create perverse subsidies that now total about $850 billion annually." [includes what they consider to have negative effects both economically and environmentally]. .. in 2003 US energy subsidies alone were between thirty-seven billion and sixty-four billion and were increased 2-3 billion a year by the Energy Policy Act of 2005

Source: James Gustave Speth, The Bridge at the Edge of the World (New Haven and London: Yale University Press) 2008, 100, citing Perverse Subsidies by Norman Myers and Jennifer Kent, 2001.

#UnitedStates #subsidies #energy