Fossil fuel subsidies are falling. But world should not be complacent, warns OECD

Jessica Shankleman
clock • 4 min read

New report shows support measures for fossil fuel industry have dipped slightly in recent years, but still reached up to $200bn between 2010 and 2014

The world's richest countries and fastest-emerging economies subsidised fossil fuels to the tune of between $160bn and $200bn in the four years through to 2014, according to a new OECD report that calls...

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

More on Policy

'Moving into the mainstream': Record number of heat pump grants issued in August

'Moving into the mainstream': Record number of heat pump grants issued in August

Last month saw highest ever number of discount vouchers issued in a single month since the Boiler Upgrade Scheme began in 2022

Michael Holder
clock 24 September 2026 • 4 min read
'Only the starting line': Germany commits to fossil fuel phase-out by 2045

'Only the starting line': Germany commits to fossil fuel phase-out by 2045

Europe's largest economy targets complete departure from oil, gas, and coal in new fossil fuel transition roadmap

Stuart Stone
clock 24 September 2026 • 5 min read
SFI 'fiasco' sparks calls for bigger nature-friendly farming budget amid huge demand

SFI 'fiasco' sparks calls for bigger nature-friendly farming budget amid huge demand

MPs and environmental campaigners call for overhaul of how Sustainable Farming Incentive funding is allocated, after thousands of farmers were left high and dry when allocation window abruptly closed this week

Rachael Brown and Michael Holder
clock 24 September 2026 • 9 min read