"#Germany's coalition government is set to overhaul the way #RenewableEnergy is subsidised so that power producers would get one-off support for their investment costs instead of a guaranteed price for power they produce, a finance ministry document showed on Friday.
A shift to investment #subsidies would mark a significant change in Germany's renewables market and would seek to make the industry less dependent on government support."
Today's bike ride included a stop at Groningen Airport Eelde to attend today's protest organised by @extinctionrebellionnl
While normal capitalist businesses are expected to turn a profit or they will go out of business, our local airport receives millions of euros in subsidy each year.
Not only do airlines benefit from not paying any tax at all on the huge quantities of fuel that they burn, but each passenger flying from the airport also benefits directly from this subsidy that we all pay. Fliers don't come even close to paying the full cost to society of their flights, let alone for the destruction that they're causing for future generations.
"According to the authors, a global economic model focused on wealth accumulation and profit, rather than true sustainability, is a major impediment to #decarbonization, conserving natural resources, and ensuring #SocialEquity. Therefore, the authors argue, governments should enforce radical, immediate cuts in #FossilFuel use, eliminate environmentally harmful #subsidies, and restrict trade that generates pollution or unsustainable consumption."