Governments have pledged to end harmful subsidies - so why are polluting industries still receiving $2.6tr a year?

James Murray
clock • 7 min read
Governments have pledged to end harmful subsidies - so why are polluting industries still receiving $2.6tr a year?

Two major new reports highlight how efforts to phase down inefficient subsidies are making scant progress

Every year the annual G20, G7, and COP Summits feature a recurring row over whether or not governments should commit to phasing out the fossil fuel and agricultural subsidies that artificially reduce the...

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

Environment Agency secures 'largest ever' budget for tackling water pollution

Environment Agency secures 'largest ever' budget for tackling water pollution

Government claims lion's share of £189m budget for water quality monitoring and other services over the coming year is set to be covered by permit charges and levy income from water companies

clock 08 July 2025 • 2 min read
Steve Reed: 'We are looking at regenerative agriculture to shape the future of British farming'

Steve Reed: 'We are looking at regenerative agriculture to shape the future of British farming'

Environment Secretary told a packed crowd at Groundswell regenerative agriculture event that farmers are the 'pioneers' and he was there to learn

Jonathan Wheeler, Farmers Guardian
clock 07 July 2025 • 3 min read
Thousands of farmers to receive £150m funding boost for rivers, soils, and resilient landscapes

Thousands of farmers to receive £150m funding boost for rivers, soils, and resilient landscapes

Farmers and land managers invited to apply for capital grants to support sustainable food production and environmental improvement projects

Stuart Stone
clock 03 July 2025 • 2 min read