{"id":8373,"date":"2019-01-25T19:37:01","date_gmt":"2019-01-25T18:37:01","guid":{"rendered":"http:\/\/www.theoillamp.co.uk\/?p=8373"},"modified":"2019-01-25T19:37:01","modified_gmt":"2019-01-25T18:37:01","slug":"one-thing-learnt-week-fossil-fuel-subsidies","status":"publish","type":"post","link":"https:\/\/www.theoillamp.co.uk\/?p=8373","title":{"rendered":"One thing we have learnt this week – fossil fuel subsidies"},"content":{"rendered":"

\"walney<\/a>Guess which country in Europe gives the highest fossil fuel subsidies?\u00a0 No I wasn’t surprised either – its the UK.\u00a0 Now guess which country subsidises renewables.\u00a0 This time its easy to guess.\u00a0 Germany.\u00a0 The EU commission has produced a report based on the 2016 Eurostat data.\u00a0 In the UK they reckon that we spent 12 billion Euros on fossil fuel subsidies and 8.3 billion on renewables.\u00a0 Germany spends 9.5 billion on on fossil fuel subsidies and 27 billion on renewables.<\/p>\n

Other countries such as the France the Netherlands, Sweden and Ireland all give more than Germany but less than us.\u00a0 The fossil fuel subsidies fall into two main parts.\u00a0 The subsidy of the north sea oil and gas industry (tax breaks) and an indirect subsidy of the low rate of VAT on domestic gas and electricity.\u00a0 Under EU rules these cannot be cut but members are free to raise them.\u00a0 A large part of the brexit campaign (interestingly now forgotten) was based around the idea that we should leave so we could VAT further.\u00a0 Whilst I cannot see anyone cutting VAT on fuel if we leave (and cutting from such a low level would not make that much difference to peoples bills), its even harder to see it being raised either so I guess this subsidy is here to stay.\u00a0 The North sea subsidies were raised with the drop in the oil price when a large number of fields were found to be uneconomic.\u00a0 The only way this subsidy is going to fall is as these fields close.\u00a0 Fracking is so small at the moment that its a very minor component.\u00a0 The government promised to phase these fossil fuel\u00a0subsidies out and insists they do not subsidise fossil fuels.\u00a0 Whilst we should stop this due to climate change don’t hold your breath…<\/p>\n

Neil<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Guess which country in Europe gives the highest fossil fuel subsidies?\u00a0 No I wasn’t surprised either – its the UK.\u00a0 Now guess which country subsidises renewables.\u00a0 This time its easy to guess.\u00a0 Germany.\u00a0 The EU commission has produced a report … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[5,17,3,4],"tags":[],"class_list":["post-8373","post","type-post","status-publish","format-standard","hentry","category-climate-change","category-one-thing-we-have-learnt-this-week","category-peak-oil","category-renewables"],"yoast_head":"\nOne thing we have learnt this week - fossil fuel subsidies - The oil lamp - shining God's light on peak oil<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theoillamp.co.uk\/?p=8373\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.theoillamp.co.uk\/?p=8373\",\"url\":\"https:\/\/www.theoillamp.co.uk\/?p=8373\",\"name\":\"One thing we have learnt this week - 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