Brief

G20 Scorecard of Fossil Fuel Funding: United Kingdom

G20 Scorecard of Fossil Fuel Funding: United Kingdom

By Angela Picciariello, on November 9, 2020

The United Kingdom (U.K.) ranks last, tied with Mexico and Turkey, out of the G20 OECD member countries. It lacks transparency and continues to provide significant support for consumers of fossil fuels by foregoing tax revenue of USD 9.2 billion annually. Despite reducing its overall support to fossil fuels by 21% relative to 2014–2016, it increased its support to coal production by 86% and public finance by 96%.

To learn more, see our full report Doubling Back and Doubling Down: G20 scorecard on fossil fuel funding.

Brief details

Region
United Kingdom
Project
IISD Global Subsidies Initiative
Publisher
IISD
Copyright
IISD, 2020