UK fossil fuels receive billions in subsidies while support for renewables is slashed - 5th August
The UK Government is providing fossil fuels with billions of pounds in subsidies every year whilst cutting support for renewable energy, IMF research shows.
As detailed in a press release from RenewableUK, the survey by the International Monetary Fund 'How Large Are Global Energy Subsidies?' shows the UK fossil fuel sector is receiving over £26 billion this year. This equates to more than £400 per person living in the UK.
In contrast, the cost of supporting all renewable energy technologies in 2014/2015 is £3.5 billion according to DECC figures.
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