The European Union’s fisheries fleet receives between €759 million and €1.5 billion in tax breaks each year in the form of fuel tax subsidies, reveals a report published on Monday 20 September by the NGO Our Fish.
The report also shows that the EU fleet produces around 7.3 million tonnes of CO2 “just from burning fuel”.
Entitled ‘Climate Impacts & Fishing Industry Profits From EU Fuel Tax Subsidies’, this paper assesses the fossil fuel tax subsidies received by the EU fisheries...