UK Subsidies To Fossil Fuel Producers Far Exceed Renewables
Fossil fuels received £20bn more UK support than renewables since 2015, according to new research commissioned by Liberal Democrats. The UK government has given £80bn in support to fossil fuel producers, surpassing the £60bn it has given to renewables. While fossil fuels were receiving this greater investment, renewable energy was not far behind, with 2020 being the first year when support for renewables exceeded that of fossils. Despite the uptick, however, 2021 saw a sharp increase in financial aid provided to fossil fuel companies,…
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