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Biden admin quietly released study showing green energy receives far more subsidies than fossil fuels

The Biden administration quietly issued a 59-page report outlining the current scope of federal energy-related subsidies revealed that the renewable energy sector enjoys significantly larger taxpayer backing than the fossil fuel industry.

The report — authored by the Department of Energy’s Energy Information Administration (EIA) and published in August — represents the first of its kind since 2018. The EIA analyzed data from 2016 through 2022, and determined that, during that time period, the federal government doled out $183.3 billion in direct and mainly indirect taxpayer subsidies, more than half of which came over the last three years. 

“For years Democrats have claimed technologies like solar energy are cheaper than coal, oil, natural gas, and nuclear. This report makes clear that solar is largely dependent on heavy subsidies with taxpayer dollars,” Senate Energy and Natural Resources Committee Ranking Member John Barrasso, R-Wyo., told Fox News Digital.

In early 2021, Barrasso and Energy and Natural Resources Committee Chairman Joe Manchin, D-W.Va., requested the analysis to help inform congressional policymaking in a letter to then-EIA Acting Administrator Stephen Nalley. The pair argued such a report would be particularly relevant “as Congress considers calls for a greater level of federal involvement in the nation’s energy systems and markets.”

“We are subsidizing the danger. As we’ll hear today, the United States subsidizes the fossil fuel industry with taxpayer dollars,” Senate Budget Committee Chairman Sheldon Whitehouse, D-R.I., said during a hearing in May. “In the United States, by some estimates taxpayers pay about $20 billion dollars every year to the fossil fuel industry. What do we get for that? Economists generally agree: not much.”

“But the really big subsidy is the license to pollute for free,” he continued. “The IMF calls this global free pass an “implicit” fossil fuel subsidy. Economists call it an ‘unpriced externality.’ Behind these benign-sounding phrases is a lot of harm.”

Thomas Catenacci is a politics writer for Fox News Digital.

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