World must end 'distorting' fossil fuel subsidies, says Prince Charles

Jessica Shankleman
clock

Former EU Climate Commissioner joins Prince in arguing that low oil prices make it the ideal time to phase out support for fossil fuels

With oil prices plummeting to their lowest level for six years, the Prince of Wales and former European Climate Commissioner Connie Hedegaard yesterday called on governments to seize the opportunity to...

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

IEA: Oil markets face 'fundamental transformation' with demand set to peak in 2029

IEA: Oil markets face 'fundamental transformation' with demand set to peak in 2029

Growth in global oil supply expected to far outpace demand in coming years as EV sales rapidly eat into market, according to International Energy Agency

Michael Holder
clock 18 June 2025 • 5 min read
'Solar PV was not the cause of the blackout': Report on Spain's power outage reveals failure of thermal plants a key factor

'Solar PV was not the cause of the blackout': Report on Spain's power outage reveals failure of thermal plants a key factor

Renewable energy advocates accuse commentators who blamed renewables for black out of 'jumping the gun and oversimplifying the cause'

James Murray
clock 18 June 2025 • 4 min read
Study: EU gas demand set to drop seven per cent by 2030

Study: EU gas demand set to drop seven per cent by 2030

Latest Ember report highlights the stranded asset risks associated with continuing investment in new gas projects and infrastructure

James Murray
clock 17 June 2025 • 4 min read