2023/24 government fossil fuel subsidies increase 31%, amounting to $14.5bn, prompting calls for their removal.

Government subsidies to fossil fuel producers have increased to $14.5bn, raising calls for the Commonwealth to scrap the financial assistance. Research from The Australia Institute reveals a 31% increase in federal and state government subsidies in the 2023/24 financial year, driven by the fuel tax credits scheme. The rise undermines the government's stance on reducing emissions and fossil fuel use.

May 12, 2024
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