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

Ofgem confirms seven per cent cut in energy price cap
Energy

Ofgem confirms seven per cent cut in energy price cap

Regulator announces price cap to fall to £1,720 a year for the average household, as experts call for wider reforms to curb energy bills that remain well above pre-crisis levels

James Murray
James Murray
clock 23 May 2025 • 5 min read
'There is still no plan': Does the UK risk repeating past 'just transition' failures in the North Sea?
Energy

'There is still no plan': Does the UK risk repeating past 'just transition' failures in the North Sea?

Scotland's Just Transition Commission calls for urgent action from policymakers and North Sea industries to ensure a smooth and fair transition for oil and gas workers as the switch to net zero technologies accelerates

Michael Holder
Michael Holder
clock 23 May 2025 • 7 min read
SSE trims clean energy investment in response to planning and policy delays
Energy

SSE trims clean energy investment in response to planning and policy delays

Capital spending plans through to 2027 cut by £3bn due to planning delays and economic factors, but energy giant reiterates commitment to clean energy transition

James Murray
James Murray
clock 22 May 2025 • 4 min read