Ending toxic fossil fuel subsidies

clock • 3 min read

Ending fossil fuel subsidies offers G7 members the chance to help the planet and benefit their economic future, writes explorer Bertrand Piccard of the Solar Impulse Foundation

Almost every government in the world imposes a tax on gasoline, and most people believe that fossil fuels represent a source of income for states. In fact, the reverse is true, and often by a large margin:...

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

'Historic milestone': India's renewables generation peaks to cover over half of power demand

'Historic milestone': India's renewables generation peaks to cover over half of power demand

India's Ministry of Power confirms July 29th record, which underscores the 'steady progress' nation is making towards its clean energy and climate goals

clock 07 November 2025 • 4 min read
Study: Global renewables deployment proving 'far faster' than expected

Study: Global renewables deployment proving 'far faster' than expected

New analysis from Ember suggests global clean energy deployment has put target to triple renewable capacity by 2030 within reach

Stuart Stone
clock 06 November 2025 • 3 min read
'Stark misalignment': How pricing pressures have led to a slowdown in Europe's PPA market

'Stark misalignment': How pricing pressures have led to a slowdown in Europe's PPA market

New report from Pexapark attributes recent slowdown in number of clean energy PPAs to price divergence between developers and corporate customers - but could the energy storage boom spark a revival?

clock 05 November 2025 • 6 min read