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Europe providing more than €112 billion a year in fossil fuel subsidies, with almost half benefitting the transport sector - new report | Sept. 2017 |

A new report by the Overseas Development Institute and Climate Action Network (CAN) Europe has for the first time gathered detailed information on the support provided to fossil fuels such as oil, gas and coal from 11 European countries and the EU between 2014 and 2016.

Experts found the transport sector was the main beneficiary, with more than €49bn used to support the use of fossil fuels, including tax breaks to reduce the price of diesel. Overall, the transport sector received 44% of the total government support identified.

Researchers warn that these tax breaks continue to encourage the use of diesel, at a time when the costs to health from air pollution have become more apparent. This also discourages the switch to low-carbon transport, including electric vehicles.

Lead author Shelagh Whitley, Head of Climate and Energy at ODI, said: "The air pollution crisis in cities across Europe and the recent diesel emissions testing scandal have rightly led to increased pressure for governments to act, yet our analysis shows European countries are providing enormous fossil fuel subsidies to the transport sector.

'Sapere aude'
by Oui (Oui) on Thu Aug 11th, 2022 at 10:51:20 AM EST
US: A long history of government intervention in energy markets

Numerous energy subsidies exist in the U.S. tax code to promote or subsidize the production of cheap and abundant fossil energy. Some of these subsidies have been around for a century, and while the United States has enjoyed unparalleled economic growth over the past 100 years--thanks in no small part to cheap energy--in many cases, the circumstances relevant at the time subsidies were implemented no longer exist. Today, the domestic fossil fuel industries (namely, coal, oil and natural gas) are mature and generally highly profitable. Additionally, numerous clean and renewable alternatives exist, which have become increasingly price-competitive with traditional fossil fuels.

'Sapere aude'
by Oui (Oui) on Thu Aug 11th, 2022 at 10:52:19 AM EST
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