EU says fossil fuel subsidies undermine its climate ambitions

(Reuters, 22 Oct 2020) EU countries spent 159 billion euros on energy subsidies in 2018, according to a Commission report published this month. Nearly a third of that went on fossil fuels.

A senior European Union official on Thursday urged member nations to stop subsiding fossil fuels responsible for greenhouse gases which are undermining the bloc's policies to tackle climate change.

"The European Green Deal is clear: fossil fuel subsidies have to end," EU Energy Commissioner Kadri Simson told the European Parliament on Thursday, referring to the EU's plan to reach net zero emissions by 2050.

"They remain a major impediment to a cost-efficient energy and climate transition, but also to a functioning internal market."

EU countries spent 159 billion euros ($188 billion) on energy subsidies in 2018, according to a Commission report published this month. Nearly a third of that went on fossil fuels.

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Reuters, 22 Oct 2020: EU says fossil fuel subsidies undermine its climate ambitions