Fossil fuel subsidies globally total $5.3tn a year, or $10m a minute, and cost the average UK family £1,000 per year.
Renewable energy on the other hand costs us £100 per family per year and produces 25% of UK power.
“There is a real window of opportunity to reform from this uneconomic position because of the low oil price. Government’s are starting to realise that fossil fuel subsidies are a drain on budgets and stop spending on health, education and public welfare.
“Eliminating fossil fuel subsidies could give an immediate boost of 10%-12% reduction in greenhouse gases.”
