Report: Axing fossil fuel subsidies could cut global emissions 13 per cent

BusinessGreen staff
clock

Study calls on governments to include commitment to cut fossil fuel subsidies in their pre-Paris climate action plans

Phasing out the $543bn of consumer subsidies handed to fossil fuels each year could cut global greenhouse gas emissions by between six and 13 per cent by 2050, according to a major new report presented...

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

Breast Cancer UK calls for ban on cancer-linked EDCs in everyday items

Breast Cancer UK calls for ban on cancer-linked EDCs in everyday items

EXCLUSIVE: Campaign highlights link between Endocrine Disrupting Chemicals in items such as plastic spatulas, whisks, and spoons and cancer risks

Stuart Stone
clock 02 July 2026 • 4 min read
'People are fed up': New Prime Minister urged to deliver 'concrete plan' to tackle energy bills

'People are fed up': New Prime Minister urged to deliver 'concrete plan' to tackle energy bills

Next PM must move quickly to provide a 'sense of security and stability', as polling finds 59 per cent of Brits do not think energy bills will ever become more affordable

Stuart Stone
clock 30 June 2026 • 6 min read
Government eyes stronger consumer safeguards for green home retrofits

Government eyes stronger consumer safeguards for green home retrofits

Insulation installers could face bans or fines for failing to meet minimum performance standards, under plans released for consultation today

Michael Holder
clock 17 June 2026 • 4 min read