Fossil fuel subsidies "dwarf" support for renewables

clock • 2 min read

New analysis shows that government support for fossil fuel industry is about 10 times that offered to renewable energy firms

Despite repeated pledges to phase out fossil fuel subsidies and criticism from some quarters that government support for renewable energy technologies is too generous, global subsidies provided to renewable...

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 Energy

Study: Clean power 'bringing down wholesale prices', as gas' influence wanes

Study: Clean power 'bringing down wholesale prices', as gas' influence wanes

New analysis shows how gas power’s falling share of the electricity mix is allowing renewables to have a dampening effect on wholesale power prices

James Murray
clock 13 May 2026 • 4 min read
Corporate energy sourcing: 'This is a new era of volatility, data and decarbonisation'

Corporate energy sourcing: 'This is a new era of volatility, data and decarbonisation'

WATCH NOW: Experts from SE Advisory Services and Cornwall Insight discuss how companies of all shapes and sizes can develop clean energy strategies to drive down costs and boost resilience

BusinessGreen staff
clock 12 May 2026 • 2 min read
Fossil fuel importer, or electrostate? The choice is ours

Fossil fuel importer, or electrostate? The choice is ours

If the UK seizes the moment it can build an energy system that powers a more competitive, more secure, and more prosperous Britain, writes Laura Sandys

Laura Sandys
clock 12 May 2026 • 5 min read