Subsidies for phase change energy storage equipment

The IEA estimates subsidies to fossil fuels that are consumed directly by end-users or consumed as inputs to electricity generation (see explanation of the price-gap methodology).

Fossil fuel consumption subsidies worldwide soared in 2022, rising above USD 1 trillion for the first time, according to new IEA estimates, as turmoil in energy markets sent fuel …

Value of fossil-fuel subsidies by fuel in the top 25 countries, 2022 - Chart and data by the International Energy Agency.

Global fossil fuel consumption subsidies, 2015-2023 - Chart and data by the International Energy Agency.

The IEA has long described fossil fuel subsidies as a ‘roadblock’ on the pathway to clean energy systems and provided data and advice to support their removal. The …

However, fossil fuel subsidies for consumers remain elevated compared with their historical averages. While subsidies generally aim to make energy more affordable for …

Besides subsidies, the policy design of the European Union CO 2 standards may also have held back further growth of the electric car market in 2024. As new targets come into …

Fossil Fuels Consumption Subsidies 2022 - Analysis and key findings. A report by the International Energy Agency.

With the Eco-Car Tax Break, clean energy vehicles enjoy a tax reduction/exemption with respect to three vehicles taxes: motor vehicle tonnage tax, …

Subsidies come in various forms including: direct (cash grants, interest-free loans) and indirect (tax breaks, insurance, low-interest loans, accelerated depreciation, rent …