IEA: $550bn fossil fuel handout is stalling clean energy progress

Will Nichols
clock •

Landmark report says subsidies are four time those received by renewables and warns energy system is struggling under the strain of rising demand

Global fossil fuel subsidies are four times higher than those for clean energy and are "holding back investment" in both renewables and energy efficiency, the International Energy Agency (IEA) will warn...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Will Nichols
Author spotlight

Will Nichols

View profile
More from Will Nichols

Intelligent Energy hails 'transformational' £1.2bn India fuel cell deal

The end of the beginning...

More on Energy

Oil and gas giants report upstream methane emissions are down 61 per cent in last decade
Energy

Oil and gas giants report upstream methane emissions are down 61 per cent in last decade

Oil and Gas Climate Initiative members claim to have hit collective carbon and methane targets for 2025, despite production increases

Stuart Stone
Stuart Stone
clock 01 October 2026 • 5 min read
Study: Freezing food at -15C could cut energy consumption seven per cent
Energy

Study: Freezing food at -15C could cut energy consumption seven per cent

Research published by Nomad Foods provides further evidence keeping frozen foods at slightly higher temperatures is safe and delivers significant emissions and energy savings

Amber Rolt
clock 30 September 2026 • 2 min read
Energy bill price cap forecast to climb further 16 per cent in January
Energy

Energy bill price cap forecast to climb further 16 per cent in January

Cornwall Insight expects energy price cap for average UK household to rise a further £276 from the start of next year, as fallout from Iran war continues to bite

James Murray
James Murray
clock 30 September 2026 • 4 min read