The EU Social Market Economy and the Law 2018 Help me understand this report
The social dimension of EU energy law
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“…Fossil fuel subsidies, applied in the form of direct subsidies or via tax breaks, are another key challenge for oil and gas transitions, because they not only incentivize oil and gas activities, but also distract attention from the "true potential and value of renewables" (Mete et al, 2021, p.28). Fossil fuel subsidies also disproportionately benefit higher income groups, because these groups consume more fossil fuels (Mete & Heffron, 2018).…”
Section: Subsidies Hide the True Cost Of Oil And Gasmentioning
confidence: 99%
“…Fossil fuel subsidies, applied in the form of direct subsidies or via tax breaks, are another key challenge for oil and gas transitions, because they not only incentivize oil and gas activities, but also distract attention from the "true potential and value of renewables" (Mete et al, 2021, p.28). Fossil fuel subsidies also disproportionately benefit higher income groups, because these groups consume more fossil fuels (Mete & Heffron, 2018).…”
Section: Subsidies Hide the True Cost Of Oil And Gasmentioning
confidence: 99%
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