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Cheap Fossil Fuels Hinder Renewables Development

Cheap Fossil Fuels Hinder Renewables DevelopmentCheap Fossil Fuels Hinder Renewables Development

The key factor hindering renewable energy development in Iran is hefty subsidies granted to fossil fuels, making electricity output of power plants running on natural gas unreasonably cheaper than renewables, managing director of Iran Renewable Energy Association said. 
“Heavy subsidies prevent power plants’ optimization and efficiency, raise electricity consumption in households, industrial and agriculture sectors and discourage private sector investors from embarking on ventures in the renewable industry,” Seyyed Moslem Mousavi was also quoted as saying by ISNA on Sunday.

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