A new report says the Dutch government spends some 37.5 billion euros — about $40.5 billion — a year in subsidies to industries that use fossil fuels
The Dutch government spends some 37.5 billion euros per year in subsidies to industries that use fossil fuels, according to a new report published Monday by a platform that investigates multinationals and by two groups lobbying for a transition to renewable energy.
The sector with the biggest chunk of the government’s support is the Dutch shipping industry, which benefits to the tune of 6.7 billion euros, according to the report. Electricity generated using fossil fuel gets 5.3 billion euros in tax breaks and other benefits, it adds.The report was published by the The Centre for Research on Multinational Corporations, known as SOMO, the Dutch arm of Friends of the Earth and Oil Change International.
“Fossil subsidies cost billions in taxpayer money, exacerbate the climate crisis, and line the coffers of big polluters,” said Donald Pols, Director of Friends of the Earth Netherlands, adding that the money could be better spent in insulating homes and funding energy transition to sustainable sources.
Minister for Climate and Energy Rob Jetten acknowledged that the country has to end the subsidies, but offered no timeline in a statement Monday.
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