29 Sep '17, 6pm

via @CleanTechnica

via @CleanTechnica

A new report published this week by the Overseas Development Institute (ODI) and Climate Action Network (CAN) Europe has for the first time compiled detailed information on the level of fossil fuel subsidies for oil, gas, and coal being provided by 11 European countries and the European Union itself between 2014 and 2016 — and the outcome isn’t pretty. The new report, Phase-Out 2020: Monitoring Europe’s fossil fuel subsidies , found that a total of over €112 billion per year was being funneled towards fossil fuels, with the transport sector walking away as the main beneficiary with more than €49 billion each year. Specifically, the transport sector was receiving support for the use of fossil fuels, including tax breaks to reduce the price of diesel.

Full article: https://cleantechnica.com/2017/09/29/europe-providing-e11...

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