End Fossil Fuel Subsidies

End Fossil Fuel Subsidies
December 14th 2020 / 
Robin Hood

“Communities... least responsible for climate change... are already facing its devastating impacts. Diverting existing funds away from inefficient and destructive fossil fuel subsidies to support people living on the frontlines of the climate emergency, enables the world’s richest economies to go some way to meeting their responsibility to protect the poorest.” Harjeet Singh, ActionAid

Climate disasters

Climate disasters are increasing, with 1 in 5 people affected in the last decade by loss and damage from storms, floods and drought.

This hurricane of climate damage tearing across our world is powered by fossil fuels.


We need to...

  • get funding for people stuck on the frontlines of a climate crisis they did not cause, and
  • end reliance on dirty oil, gas and coal.


Make Polluters Pay

We can do this is through the Robin Hood Tax on polluters - a tax on the extraction of fossil fuels, raising money to fund people in crisis.

Another way is to end subsidies.


Ending Subsidies

'A fossil fuel subsidy is any government action that lowers the cost of fossil fuel energy production, raises the price received by energy producers, or lowers the price paid by energy consumers. Essentially, it’s anything that rigs the game in favor of fossil fuels compared to other energy sources.' - Oil Change International

The UK has the highest fossil fuel subsidies in Europe. Surveys show that the British public is against this and want the subsidy to shift to renewable energy.


$101 billion

Our new research with ActionAid International takes the G7 - the world's leading 7 industrial nations - in its sights.

We highlight that if the G7 ended their huge planet-wrecking fossil fuel subsidies, something they already pledged to do, they could create $101bn to fund communities hit by climate disasters.

Our research shows how this money, if diverted, could contribute substantially to a Climate Damages Fund for people affected by the loss and damage of climate change.

This will help phase out fossil fuel use, and support communities in crisis. 

Read more here