Today the outgoing Dutch Minister for Climate and Energy Policy, Rob Jetten, published an analysis of the Netherlands’ fossil fuel subsidies, estimating these at between €39.7 and €46.4 billion a year, more than 4% of the Netherlands’ GDP. According to campaigners the analysis underlines the importance of an urgent phase-out plan, in line with the Dutch government’s long-standing promise to end these subsidies by 2025.
Recent research by Dutch research and environmental organizations shows that this would allow the Netherlands to reduce its CO2 emissions by up to 20% by 2030, while creating space for innovative and sustainable businesses and freeing up billions that can be reinvested in climate justice and social protection measures. The conclusions of the impact analysis for companies of subsidy removal that were also covered in today’s government publication mainly emphasize the short-term impacts for a select group of large energy-intensive companies that run on cheap fossil energy. Researchers and campaigners say this is too limited a perspective and should not stand in the way of an urgent phase-out plan.