About: fossil fuel subsidies

Climate change 17-05-2021

Spain to end fossil fuel production by 2042 under new climate law

Spain’s 2030 emission reduction target lags other EU countries but the government won praise for committing to end coal, oil and gas production. EURACTIV’s media partner, Climate Home News, reports. A decade after it was first called for, Spain has...
Climate change 16-03-2021

‘Very big tasks ahead’ in EU climate law negotiations

There are still many outstanding issues, particularly on climate ambition, after the fourth round of negotiations on Europe’s climate law closed on Friday (12 March), according to Jytte Guteland, the lead negotiator from the European Parliament.

US plans to end fossil fuel finance overseas, mirroring EU

US President Joe Biden has pledged to end public funding of ‘carbon-intensive’ fossil fuel projects overseas, bringing America in line with EU plans. However, the wording may leave the door open to gas, writes EURACTIV's media partner, Climate Home News.

EU states spent more on fossil fuels than clean energy during the crisis, new data shows

France, Germany and Italy have collectively spent $44 billion on fossil fuels during the coronavirus crisis, compared to $29 billion for clean energy, according to fresh data released on Wednesday (15 July).

Germany to sit out decisive EIB vote as fossil fuel row continues

Germany is preparing to abstain from a vote on the European Investment Bank’s (EIB) future energy lending policy on Thursday (14 November). Internal government disputes continue to scuttle attempts to form a common position on scrapping fossil fuel funding.
Climate change 09-09-2019

EU countries have ‘no concrete plans’ to phase out fossil fuel subsidies: report

Not a single EU member state has so far spelled out a comprehensive plan to phase out fossil fuel subsidies, despite a commitment taken at the G20 ten years ago to eliminate them, according to a fresh analysis of the bloc’s 28 National Energy and Climate Plans.
Energy 13-06-2019

EU fossil gas investments undermine bloc’s climate goals, campaigners say

The European Union's investment arm risks torpedoing the bloc's commitment to abide by the Paris climate goals by financing billions of euros worth of new natural gas infrastructure projects, new analysis said Thursday (13 June).
Energy 14-01-2019

UK revealed as EU champion of fossil fuel subsidies

The United Kingdom spends the most in the EU on subsidising fossil fuels, according to a new report by the European Commission, which also found that EU-wide payments have failed to decrease despite the bloc’s commitment to the Paris Agreement on climate change.
Electricity 13-09-2018

Greenpeace study throws light on Europe’s ‘hidden energy subsidies’

Figures compiled by the environmental pressure group Greenpeace highlight the lack of transparency about the amount of cash disbursed by national governments to support back-up power plants – mainly fossil fuels and nuclear.

G7 countries pour $100bn a year into oil, gas and coal: study

Each year, at least US$100 billion goes to support the production and consumption of oil, gas and coal, according to a major new study published on Monday (4 June). That is despite a promise from all G7 and G20 members to stop subsidising fossil fuels by 2025.
Energy 05-04-2018

IEA scenarios ‘inconsistent’ with Paris climate goals, study warns

The International Energy Agency has wrongly guided governments into decisions about oil, gas and coal use that are inconsistent with the long-term climate objectives of the Paris Agreement, according to a new report out on Thursday (5 April).

Transport sucks up nearly half of Europe’s fossil fuel subsidies, report finds

European countries spend more than €112 billion per year subsidising oil, gas and coal production or consumption – including tax breaks on highly-polluting diesel – despite a pledge to phase out fossil fuels completely by 2020.
Electricity 21-09-2017

EU still divided over curbing power subsidies with CO2 cap

A European Commission proposal to put an emissions limit on what power plants can be subsidised continues to divide the member states but the EU executive and the European Parliament stand united in supporting the CO2 cap.
Air Quality 27-07-2017

Fossil fuel subsidies racking up trillions in health costs

Health costs related to fossil fuel use outweigh taxpayer-funded subsidies by 600%, according to a new study that insists governments should stop pumping money into dirty energy sources.
Energy 15-11-2016

Leaked EU energy package subsidises fossil fuels, undermines renewables

EXCLUSIVE / The EU claims to be promoting an ambitious agenda at the Marrakesh climate conference, but its latest piece of energy legislation could subsidise new coal capacity and undermine market access for renewables. EURACTIV France reports.
Climate change 02-09-2016

Seven things to know about the G20’s low carbon progress

As a new report warns that the G20 must strengthen its commitment towards a low-carbon economy through collective climate action, EURACTIV’s partner edie.net has investigated how the world's leading economies measure up in their respective decarbonisation efforts.