Shock News!!! Climate Change Tax Subsidies Are Perverse!!!

suyts space

 

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Hey, that was my word…….

As America’s debt rises to unsustainable levels, the U.S. government is losing billions every year on energy tax subsidies that do little  [edit] [] to combat climate change. 

That’s according to a tough report released this week by the National Research Council. The non-partisan academic report, sponsored by the Treasury Department, concluded that current tax policies are a “poor tool” for addressing climate change — and a costly one. 

It found energy subsidies in 2011 and 2012 cost $48 billion, with limited results. 

“Very little if any GHG (greenhouse gas) reductions are achieved at substantial cost with these provisions,” the report concluded. …..

“The committee has found that several while others yield little reduction in GHG emissions per dollar of revenue loss,” the report said, …..

What they do is inhibit growth and increase the cost of energy, in most cases. …

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