12 times more subsidies: fossil fuels vs. clean energy

Money & Company reports on 30 Nov 2010 that Clean energy gets fewer subsidies, less investment than fossil fuels, report says:

Energy from fossil fuel gets 12 times more in subsidies worldwide than sustainable energy, says a new report from the USC Marshall School of Business.

Corporate welfare for polluters.

“Inertia in the form of myopia, misperception, and dulled motivation, at the economy, firm, and consumer levels creates resistance to change and constrains solution-seeking to incremental improvements of known technologies rather than disruptive breakthrough innovations needed,” they wrote in their executive summary.

Hm, that sounds familiar.

-jsq