The UK Exchequer’s dependence on fossil fuel income
Andrew Simms, David Woodward, James Leaton, Petra Kjell
22 October 2006
How fossil fuel profits could be taxed to fund a clean energy economy.
Research from NEF and WWF reveals the paradox of the UK Treasury hooked on income from the oil and gas sector, yet missing a never-to-be-repeated opportunity to invest in the transition to a sustainable energy system by failing to tax surplus profits from oil.
The research calls on the government to follow the broad example set by Norway, which established an Oil Legacy Fund to finance renewable energy.
If you back a recovery plan based around great public services, protecting the planet and reducing inequality, please support NEF to build back better.
Five ways the government’s irresponsible plans for aviation are putting us all at risk
25 April 2022
Help us support local communities fighting high-carbon expansions
22 April 2022
Next steps for the European Central Bank to support the low-carbon transition
06 April 2022
This is a precious opportunity to wean ourselves off volatile fossil fuels and tackle the cost of living crisis - the government mustn't squander it.
04 April 2022