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.
Content up-to-date at time of publication
The Carbonwise editorial team is formed of seasoned established industry writers and specialist journalists.
24 March 2026
The European Commission proposed several important changes to the EU Emissions Trading System (EU ETS) in March after recent pushback from industry over rising costs.
23 March 2026
Brown coal, also known as lignite or 'soft coal', is a combustible sedimentary rock formed of naturally compressed peat.
18 March 2026
It’s not clear to many how carbon credits come into existence. They don’t just ‘pop up’ in the way central banks increase the currency supply.
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