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Fisheries Policy | 22 November 2021

Why eliminating fuel subsidies from fisheries is good for public finances, the marine environment and the climate
Fisheries Policy
Wildlife & habitats
Fisheries & Seafood
Europe
EU

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Why eliminating fuel subsidies from fisheries is good for public finances, the marine environment and the climate

This report examines the wide-reaching reasons – which are overwhelmingly supported by science – to remove EU fuel subsidies. It is estimated that more than €1 billion of government revenue is foregone due to fuel tax concessions. This public money could be repurposed for better use. Fuel subsidies are a very inefficient means of supporting incomes, redirecting support – particularly if it supports the rebuilding of fish stocks – would result in improved socio-economic conditions for all fishers.

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