The energy game is rigged in favor of fossil fuels because we omit the environmental and health costs of burning coal, oil, and natural gas from their prices. Subsidies manipulate the game even further. According to conservative estimates from the Global Subsidies Initiative and the International Energy Agency (IEA), governments around the world spent more than $620 billion to subsidize fossil fuel energy in 2011: some $100 billion for production and $523 billion for consumption. This was 20 percent higher than in 2010, largely because of higher world oil prices. ... Read more about The Energy Game is Rigged: Fossil Fuel Subsidies Topped $620 Billion in 2011
KRAFLA, Iceland — Soon after work began here on a power plant to harness some of the vast reserves of energy stored at the earth’s crust, the ground moved and, along a six-mile-long fissure, began belching red-hot lava. The eruptions continued for nine years, prompting the construction of a stone and soil barrier to make sure that molten rock did not incinerate Iceland’s first geothermal power station. ... Read more about Iceland Looks to Export Power Bubbling From Below
Around the world, more than 1 billion people lack access to electricity, concentrated in Sub-Saharan Africa and Asia. Improving access to clean and affordable energy services for these populations will be a critical driver for poverty reduction as well as improved health and social outcomes.