Global Briefing: World Bank warns governments wasting $1.25tr on environmentally-harmful subsidies

Michael Holder
clock • 9 min read
Credit: iStock
Image:

Credit: iStock

Plus Germany unveils clean heat reforms, coal transition finance developments, and all the top green business news from around the world this week

World Bank: $1.25tr wasted each year on planet-wrecking subsidies Trillions of dollars are being wasted on "inefficient and environmentally-damaging" subsidies for agriculture, fishing, and fossil fuels...

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

Michael Holder
Author spotlight

Michael Holder

Editor

View profile
More from Michael Holder

Global Briefing: Spain to open national network of extreme heat shelters

'Build, baby, build': Government's flagship Planning and Infrastructure Act enters info force

More on Climate change

Global Briefing: Spain to open national network of extreme heat shelters
Climate change

Global Briefing: Spain to open national network of extreme heat shelters

Government moves to tackle extreme heat, as Canada introduces new methane rules and the UK looks to support South African clean energy investment

James Murray
James Murray
clock 19 December 2025 • 6 min read
UK Green Business Awards 2026 joins London Climate Action Week
Climate change

UK Green Business Awards 2026 joins London Climate Action Week

Date for UK Green Business Awards to shift to June 24th, allowing annual celebration of the best of Britain's green economy to form part of flagship London Climate Action Week

BusinessGreen staff
BusinessGreen staff
clock 19 December 2025 • 2 min read
Farmers voice water supply fears as UK drought continues into December
Climate change

Farmers voice water supply fears as UK drought continues into December

NFU vice president Rachel Hallos says that 'in all my years farming I cannot remember a time when we have been worried about drought in December'

Alex Black, Farmers Guardian
clock 19 December 2025 • 4 min read