Renewables, nuclear received 93% of subsidies Comparisons made to unconventional drilling Houston — The Institute for Energy Research on Friday announced a report showing that renewables and nuclear power received 93% of federal subsidies in 2016, but produced only about 22% of the nation’s energy, which drew mixed reactions from industry observers. A market-oriented energy think tank, the IER announced Friday that it had analyzed an April US Energy Information Administration study entitled “Direct Federal Financial Interventions and Subsidies in Energy in Fiscal Year 2016,” which was an update of previous similar studies conducted for the years 2010 and 2013. “Federal subsidies to support non-fossil fuels (renewable energy and nuclear power) in fiscal year 2016 totaled $7.047 billion (in 2016 dollars), while those for fossil fuels totaled $489 million — higher by over a factor of […]