IEA chief: 'Fossil fuel subsidies are public enemy number one for green energy'

clock

Fatih Birol says it does not make sense for governments to promote renewables at the same time as subsidising coal, oil and gas

The International Energy Agency's (IEA) chief economist has today again urged governments around the world to end the $0.5tr of annual subsidies given to oil and gas production, while also warning that...

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

WWF: Climate policies can help tackle cost-of-living crisis

WWF: Climate policies can help tackle cost-of-living crisis

Campaign group proposes series of policy moves that would cut emission and boost nature while unlocking economic benefits for households and farmers

clock 18 September 2025 • 4 min read
Government urged to axe VAT on building retrofit projects

Government urged to axe VAT on building retrofit projects

Environmental Industries Commission calls for VAT to be scrapped on green building retrofits, as part of raft of proposals to embed circular principles into delivery of new homes, transport and energy projects

Michael Holder
clock 16 September 2025 • 4 min read
Ofwat confirms £86m in fines for Anglian and South West Water over sewage failures

Ofwat confirms £86m in fines for Anglian and South West Water over sewage failures

Latest enforcement decisions mean regulator has handed down more than £240m in wastewater fines during 2025, following five investigations

Stuart Stone
clock 15 September 2025 • 4 min read