Government subsidies on fossil fuels surged in 2022 in the wake of record high energy prices. Russia’s attack on Ukraine highlighted how dependent the world remains on oil and gas and how much further the energy transition still needs to go.
Government subsidies on fossil fuels surged in 2022 in the wake of record high energy prices. Russia’s attack on Ukraine highlighted how dependent the world remains on oil and gas and how much further the energy transition still needs to go.
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The Carbonwise editorial team is formed of seasoned established industry writers and specialist journalists.
23 February 2026
In February, the European Commission launched a consultation to seek views on the use of international carbon credits to help meet the EU climate target for 2040.
18 February 2025
An independent governance body involving a diverse group of stakeholders with the aim of setting guidance on best practice for the corporate use of project-based carbon credits.
26 January 2026
The European Union’s Carbon Border Adjustment Mechanism (CBAM) began its so-called ‘definitive regime’ phase on 1st January this year, meaning the tariff mechanism has moved from a reporting obligation to a real-world cost for companies...
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