Fossil fuel subsidies (excluding tax advantages on Diesel) in France accounted for €1.41 Billion in 2017 down from €3.42 Billion in 2014. The total, including advantages on Diesel, accounts for €7-10 Billion a year. These subsidies mainly consist of tax exemptions / fiscal gifts on the one hand and, direct budget transfer / support on...
Author: admincitizen
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United States Subsidies
United States–$8.157 billion in 2015 The US Federal Government paid a total of USD 4.757 billion in 2015 subsidies to the fossil fuel industry, as well as USD 3.4 billion to the Low-Income Home Energy Assistance Program (LIHEAP) to subsidize fossil fuels in the residential sector. According to a G20 report in 2016, “Fossil-fuel subsidies...
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United Kingdom Subsidies
United Kingdom–6 billion GBP every year Fossil fuel subsidies are a contentious issue for the UK. Over the past 5 years, The UK has become the only G7 nation to increase its’ support for the production of fossil fuels—despite earlier pledges to phase them out entirely— and it is now the fifth largest global subsidizer...
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Turkey Subsidies
Turkey–Exact amount not available, estimated between US $ 300 million and $ US 1.6 billion It is difficult to record the actual amount that Turkey spends on fossil fuel subsidies. According to a report published by Oil Change International and 350.org in 2015; Turkish government provides an estimated US$300 million to US$1.6 billion (TRY 683 million to...
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Thailand Subsidies
Q 16 Thailand–$.438 billion spent on fossil fuel subsidies in 2016 Increased awareness by the government about the revenue drain caused by fossil fuel subsidies has helped spark a decline since 2011 in subsidy spending. A 2014 news report by the Asian Correspondent revealed Thailand’s fossil fuel subsidy allocations. To reflect upon the annual subsidy...
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Spain Subsidies
Spain–1,177 million Euros between 2014 and 2016 Spain is a country that has been fossil fuel dependent and that is still far from being a significant producer of renewable energy. According to data from the World Bank Group on Energy Consumption, in 2015, 72.9% of the energy consumed in Spain was from fossil fuels. The...
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South Korea Subsidies
South Korea–$667 million in 2013-2014 counting domestic subsidies and subsidies for overseas oil and gas exploration According to a report, “G20 subsidies to oil, gas and coal production: Republic of Korea”, that was published in 2015, South Korea’s subsidies for fossil fuels can be summarized as follows: As the table above shows, the majority of...
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Saudi Arabia Subsidies
Saudi Arabia–$60.9 billion in 2011 Diesel and gasoline sold in Saudi Arabia are about 12% and 30% of international reference prices, respectively. Saudis enjoy the second lowest domestic fossil fuel prices in the world, behind only Venezuela. In 2009, the Kingdom spent a total of $32.5 billion on fossil fuel subsidies. In 2010, this figure increased...
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Russia Subsidies
Russia–$14.4 billion in 2010 Generally, the federal government’s fossil fuel subsidies in Russia are complex and not transparent. Five years ago, an extensive research report “Government subsidies to oil and gas: at what costs?” was published with support of WWF and International Institute of Sustainable Development. This research summarized the possible subsidies schemes for oil...
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Nigeria Subsidies
Nigeria—$160 million USD in 2017 Nigeria introduced petroleum subsidies in the 1960s with the aim of strengthening its local industry and improving product affordability and domestic consumption (Akinyemi and others, 2015). A report published by the Council on Foreign Relations estimates that the Federal Government of Nigeria spent about $20 billion on fuel subsidy in...