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Federal coal subsidies

383 bytes added, 17:35, 8 July 2011
SW: add section
{{#badges: CoalSwarm}} '''Federal coal subsidies''' are forms of financial assistance paid by federal taxpayers to the coal and power industry. Such subsidies include direct spending, tax breaks and exemptions, low-interest loans, loan guarantees, loan forgiveness, grants, lost government revenue such as discounted royalty fees to mine federal lands, and federally-subsidized external costs, such as health care expenses and environmental clean-up due to the negative effects of coal use. [[External costs of coal]] include the loss or degradation of valuable ecosystems and community health.
According to the U.S. [[Energy Information Administration]](EIA), in FY 2007, refined coal (chemically enhanced to reduce certain emissions) received about $2.4 billion in subsidies.<ref>[http://www.eia.gov/energy_in_brief/energy_subsidies.cfm "How much does the Federal Government spend on energy-specific subsidies and support?"] Energy Information Administration, September 8, 2008.</ref>  In June 2010, the EIA said $557 billion was spent to subsidize fossil fuels globally in 2008, compared to $43 billion in support of renewable energy.<ref>Alex Morales, [http://www.bloomberg.com/news/2010-07-29/fossil-fuel-subsidies-are-12-times-support-for-renewables-study-shows.html "Fossil Fuel Subsidies Are Twelve Times Renewables Support"] Bloomberg, July 29, 2010.</ref>
==Government Funding and Loans for Coal Plants==
20,555

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