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.
Analysing options for systemic change to transform the world’s economic and financial systems after the pandemic
Chaitanya Kumar, Andrew Pendleton, Jonathan Barth, Lucas Coscieme, Andreas Dimmelmeier, Katherine Trebeck, Sarah Mewes, Isabel Nuesse
11 January 2021
How to ensure that everyone has enough to live on through the crisis and create good jobs that protect our planet.
23 November 2020
Economists call for changes to Bank’s mandate to help UK hit carbon zero target
19 November 2020
After its legacy of deindustrialisation, attempts to stop a new coal mine in West Cumbria have to bring along disenfranchised workers and communities.
26 October 2020