Here’s some weapons-grade drivel from the Government’s Environmental Audit Committee. (Whose chairman, contrary to my earlier assertion that it was Trougher Yeo, turns out to be some MP you’ve never heard of called Joan Walley)
Globally, subsidies for fossil fuels exceed $500 billion a year. They are inconsistent with the global effort to tackle climate change, providing incentives for greater use of such fuels and disincentives for energy efficiency. Energy subsidies in the UK are running at about £12bn a year; much directed at fossil fuels. There is no single internationally agreed definition of what constitutes energy subsidy, which has provided a way for the Government to reject—erroneously, in our view—the proposition in some areas that it provides energy subsidies.
We’ve been here before, haven’t we? Lots of times.