Lester Brown of the Earth Policy Institute advocates changing lightbulbs to compact fluorescent and implementing design changes in current architectural models as a partial, and incremental, solution to the energy fix we’re in. He does not yet realize the potential of the cold fusion future.
However, he has provided a valuable service in exposing the fossil fuels lobbying efforts that help to mold policy away from conventional alternative energies, not to mentions clean cold fusion energy. Mr. Brown’s recent analysis of International Energy Agency data revealed that worldwide, “direct fossil fuel subsidies added up to roughly $500 billion in 2010.”
The IEA’s World Energy Outlook Executive Summary released last November stated “Subsidies that encourage wasteful consumption of fossil fuels jumped to over $400 billion.” And additional $100 billion is funneled to the production-side.
Why all the subsidies when demand is so high?
According to The Center for Responsive Politics‘ website Open Secrets, oil, gas and electric utilities in the US spent $2.3 billion lobbying their government legislators to support their industry since 1998.
The top US spenders on lobbying government legislators for support of industry-friendly policy actions include these companies:
|Company||US$ spent lobbying government|
|Edison Electric Institute||$156,585,999|
|Data from Center for Responsive Politics|
And what does that lobbying get?
Legislation favorable to the industry, and subsidies.
Altogether, worldwide governments gave an average $1.5 billion US a day subsidizing fossil fuel industries. And scrapping fossil fuel subsidies would “avoid 2.56 gigatons of carbon-dioxide per year by 2035 – that “could provide almost half of the extra cuts the world needs to stay within its carbon budget” as reported by the Washington Post.
Conventional alternative energy, whose financial lobbying is puny compared to fossil fuel industry, is increasing its support for Washington DC politics. In response, the World Energy Outlook claims “The share of non-hydro renewables in power generation increases from 3% in 2009 to 15% in 2035, underpinned by annual subsidies to renewables that rise almost five-times to $180 billion.”
In an early Ca$h Flow interview with James Martinez, David J. Nagel described a 5-year program to fund cold fusion research; starting at $20 million a year, and ramping up to $40 million annually, a pittance compared to the subsidies for fossil fuels.
An average of $30 million a year for five years to bring cold fusion research to the next phase, and more importantly, as Professor Nagel describes, bring a young group of scientists into this field of research to continue to innovate and drive the next-generation energy for our planet.
The IEA has not taken into a account the new energy technology based on cold fusion, and therefore, their forecast is lacking.
What is not lacking is the scenario of dire consequences should we continue to fund dangerous energy choices, and ignore the solution of ultra-clean and abundant cold fusion energy.
Cold Fusion Now!
World Energy Outlook 2011 International Energy Agency home
An update of the G20 Pittsburgh and Toronto Commitments: A new report Joint report by IEA, OPEC, OECD and World Bank on fossil-fuel and other energy subsidies from www.oecd.org
Governments Spend $1.4 Billion Per Day to Destabilize Climate: WEO Data Highlights by Lester R. Brown Earth Policy Institute
Government subsidies for the energy industry by Ruby Carat June 27, 2011