7 AMS DE - Phasing out fossil fuel subsidies

NAT/946 Phasing out fossil fuel subsidies Point 2.2 Amend as follows: Draft opinion Amendment The European Commission tracks such subsidies in the EU by means of the Subsidy Inventory. Fossil fuel subsidies (FFSs) cover financial support for all primary fossil energy and electricity generated by burning fossil fuels. Between 2020 and 2021, they doubled to EUR 136 billion, slightly decreasing to EUR 111 billion in 2023, representing over a third of all existing energy subsidies. Preliminary 2024 figures suggest a drop of total energy subsidies (fossil and non-fossil) to EUR 78 billion, as most of the crisis subsidies are expected to expire by 2025[3]. [3] European Commission (2025), 2024 Report on Energy subsidies in the EU, COM(2025) 17 final, https://eur-lex.europa.eu/legalcontent/EN/TXT/PDF/?uri=CELEX:52025DC 0017. Reason To be given orally. The European Commission tracks such subsidies in the EU by means of the Subsidy Inventory. Fossil fuel subsidies (FFSs) thus cover various forms of financial support for all primary fossil energy and electricity generated by burning fossil fuels. Between 2020 and 2021, they doubled to EUR 136 billion, slightly decreasing to EUR 111 billion in 2023, representing over a third of all existing energy subsidies. Preliminary 2024 figures suggest a drop of total energy subsidies (fossil and nonfossil) to EUR 78 billion, as most of the crisis subsidies are expected to expire by 2025[3]. However, indirect subsidies – caused,...