New policy for overseas fossil fuel support
On 1 April 2021, BEIS published a report on how it will stop supporting the fossil fuel energy sector overseas.
What does this mean to the end-user?
- This document sets out the Prime Minister’s plans to cease new direct financial or promotional support for the fossil fuel sector overseas
- It follows a consultation on the topic last December, which also proposed ideas to accelerate the growth of UK clean energy exports
- End users may find the policy paper useful in determining their own position on these issues