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A subsidy represents a transfer of Federal Government resources to the buyer or seller of a good or service that has the effect of reducing the price paid, increasing the price received, or reducing the cost of production of the good or service. Put simply, the Federal Government promotes targeted energy outcomes, such as production of a specific fuel or promotion of conservation and energy efficiency by energy consumers through incentives such as tax credits, grants, and low interest loans.

"Obama tried cutting oil subsidies in his very first federal budget proposal, and it didn't fly. He and the Democratic members of Congress tried again earlier this year, hoping that the Tea Party's incessant yelling for spending cuts would translate into Congressional support for one of the most obvious spending cuts in the history of spending cuts. But no such luck. And get this: The true amount we pay in oil subsidies is waaaaaaaaaaaaay more than $4 billion a year. In fact, the far-right libertarian think tank the Cato Institute once calculated the true cost of subsidizing oil to be in the range of $78-150 billion -- yep, billion -- per year. A lot of these expenditures come from the massive amount of security needed to protect oil, both at its source in volatile regions and along international shipping routes 'round the world. The US gov expends much effort and capital to help safeguard the oil companies' product and operations -- it's in the national interest, after all, that everyone be able to continue purchasing Exxon gasoline. So you'd think that paring a comparatively meager $4 billio"

Germany's next government plans to reduce incentives to generate solar power as early as 2010, the energy spokesman for Chancellor Angela Merkel's Christian Democrats said. Shares of Bonn-based Solarworld AG and Q-Cells SE based in Thalheim fell after Joachim Pfeiffer said that Solar capacity has "massively increased" by about 3000 megawatts this year at the same time as the price of solar-power panels has plummeted. The government is "obliged" to address the matter, Pfeiffer told reporters in Berlin today. "We will review the overall renewable energy law in 2011 but will undertake reductions in solar subsidies taking effect as soon as next year," Pfeiffer said after a meeting of a group negotiating energy policy for the next four years for Merkel's prospective coalition with the Free Democratic Party.

Germany's next government plans to reduce incentives to generate solar power as early as 2010, the energy spokesman for Chancellor Angela Merkel's Christian Democrats said. Shares of Bonn-based Solarworld AG and Q-Cells SE based in Thalheim fell after Joachim Pfeiffer said that Solar capacity has "massively increased" by about 3000 megawatts this year at the same time as the price of solar-power panels has plummeted. The government is "obliged" to address the matter, Pfeiffer told reporters in Berlin today. "We will review the overall renewable energy law in 2011 but will undertake reductions in solar subsidies taking effect as soon as next year," Pfeiffer said after a meeting of a group negotiating energy policy for the next four years for Merkel's prospective coalition with the Free Democratic Party.

A fascinating new study ranks alternative energies from best to worst -- and showing up last is ethanol. It's time to ban all federal subsidies for this wasteful taxpayer investment in Midwest farmers and this inefficient use of corn to power vehicles across America.

Vote to pass a bill that expands offshore drilling leases and extends renewable energy tax credits. Official Title of Legislation: HR 6899: To advance the national security interests of the United States by reducing its dependency on oil through renewable and clean, alternative fuel technologies while building a bridge to the future through expanded access to Federal oil and natural gas resources, revising the relationship between the oil and gas industry and the consumers who own those resources and deserve a fair return from the development of publicly owned oil and gas, ending tax subsidies for large oil and gas companies, and facilitating energy efficiencies in the building, housing, and transportation sectors, and for other purposes. Highlights:

Many of the world's solar energy companies could fail or fall into the arms of stronger rivals as the financial crisis raises borrowing costs and as solar module prices fall. Any such shake-out would in turn precipitate consolidation in the industry, which has for years been attracting heavy investment and government subsidies that have driven supply ahead of demand.

AOMORI, Japan - Nations should fight rising oil prices by cutting subsidies and vastly increasing investment in energy, while oil-producing countries need to ramp up output and divulge more information about how much they produce, the U.S. energy secretary said Saturday.

Peak oil isn't getting much airtime in the mainstream press lately, but David Strahan has a column in The Independent - A Government still addicted to petrol. "All targets and no trousers" seemed to be the gist of the reaction from environmentalists to last week's Budget. Greens welcomed the introduction of new, legally binding, carbon-reduction goals but attacked the lack of a clear road map showing how they could be achieved. Some applauded policies such as the extra subsidy for offshore wind and investment in building efficiency, but attacked overall funding of £1.4bn as miserly in comparison to the enormity of the climate crisis and recent financial bailouts.

Third Round of Solicitations Targets Innovative Clean Coal Technologies WASHINGTON, DC - The U.S. Department of Energy (DOE) today announced a solicitation for up to $8.0 billion in federal loan guarantees for projects that employ advanced technologies that avoid, reduce or sequester emissions of air pollutants or greenhouse gases in the area of coal-based power generation, industrial gasification, and advanced coal gasification facilities. This marks the third round of solicitations for DOE's Loan Guarantee Program, which encourages the commercial use of new or significantly improved energy technologies and is an important step in paving the way for clean energy projects.

To understand why fuel prices in the United States have soared over the last year, it helps to talk to the captain of a battered wooden freighter here. He pays just $2.30 a gallon for diesel, the same price Indonesian motorists pay for regular gasoline. His vessel burns diesel by the barrel, so when the government prepared for a limited price increase this spring, he took to the streets to protest.

Get set for a new government carbon tax designed to subsidise the nuclear industry. The Guardian's Tim Webb says that figures he obtained show the additional levy would add £44 to an annual electricity bill of £500 - that's a nearly 10% increase

Get set for a new government carbon tax designed to subsidise the nuclear industry. The Guardian's Tim Webb says that figures he obtained show the additional levy would add £44 to an annual electricity bill of £500 - that's a nearly 10% increase