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The government on Tuesday revealed the first nine electric vehicles that will be eligible for their purchasers to receive subsidies of up to 5,000 pounds under a plan to promote low-carbon transport.

Under the scheme, the government has pledged 43 million pounds until the end of March 2012 to help British motorists shift to low-carbon vehicles.

They will receive up to 5,000 pounds towards the purchase of a low-carbon car from January 2011 to the end of March 2012.

greennumbers uk electric cars electric vehicles subsidies low-carbon transport

Global subsidies for fossil fuels dwarf support given to renewable energy sources such as wind and solar power and biofuels, Bloomberg New Energy Finance said.

Governments last year gave $43 billion to $46 billion of support to renewable energy through tax credits, guaranteed electricity prices known as feed-in tariffs and alternative energy credits, the London-based research group said today in a statement. That compares with the $557 billion that the International Energy Agency last month said was spent to subsidize fossil fuels in 2008.

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A new report by the Green Scissors Campaign details some $200 billion worth of yearly US government subsidies that the coalition says are "wasteful to taxpayers, harmful to the environment and bad for consumers." Green Scissors 2010 [PDF] covers four broad areas in which these subsidies occur-- energy, agriculture and biofuels, infrastructure, and public lands.

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The Spanish plan centres on giving preferential access to the wholesale electricity market for power plants that run on domestic coal, and was announced by the government in February, after months of behind-the-scenes tussling with Brussels.

At the same time, the Spanish government wants to retroactively cut previously agreed tariffs for its €20bn photovoltaic solar energy sector by 30 per cent. As FTfm reports, such a move could be devastating for investors in highly-leveraged solar photovoltaic projects.

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Shares in Spain's largest wind and solar energy firms climbed yesterday, after the renewable industry reached a deal with the Spanish government that should result in lower-than-expected cuts to subsidies.

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Fossil fuels including oil, natural gas and coal received more than twice the level of subsidies that renewable energy sources got from the U.S. government in fiscal 2002 through 2008, the Environmental Law Institute said.

Government spending and tax breaks amounted to $72.5 billion for fossil fuels and $29 billion for renewable energy, according to a report by the institute today.

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"PolluterWatch Director and Greenpeace USA Research Director Kert Davies sent the following letter today to American Petroleum Institute President Jack Gerard asking him to respond to two recent news articles that raise serious questions about government handouts for dirty industry companies and polluter executives’ true positions on clean energy."

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"We've heard this one before; Obama threatening to sever subsidies to the fossil fuel industry. He called for ending the subsidies during his SOTU, and was doing so even before that. Now, he's proposing that $36 billion worth of those subsidies for oil and $2.3 billion for coal (both get $70 billion a year in total) get stripped from the budget--which would be great. Too bad special interests will almost certainly keep this from happening.

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Over the next two to three years the Chinese government will pay up to 50 percent of the price of solar power systems of more than 500 megawatts. In remote areas it will pay up to 70 percent of the cost.

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