28 Sep '17, 11am

European Governments still propping up fossil fuels with subsidies despite phase-out pledge

European Governments still propping up fossil fuels with subsidies despite phase-out pledge

A new report by the Overseas Development Institute (ODI) and Climate Action Network (CAN) Europe has 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 that the transport sector was the main beneficiary, with more than 49 billion euros (£38 billion) used to support fossil fuels, including tax breaks, thereby encouraging 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 vehicles, including electric vehicles (EVs). The European Union (EU) has a commitment that Members States must phase out environmentally harmful subsidies (including those to fossil fuels) by 2020. European governments have made parallel pledges to end fossil fuel subsidies under the G7 and th...

Full article: https://www.renewableenergymagazine.com/panorama/european...

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