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.
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...
15 January 2025
Under CCS, carbon emissions are captured and permanently stored, for example in geological storage sites.
23 December 2025
Carbon Capture, Utilisation and Storage (CCUS) is a method of reducing carbon dioxide emissions by trapping the gas for industrial use or permanent storage, preventing its release into the atmosphere.
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