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<p>The UK does not give any subsidies to fossil fuels, and follows the approach of
the International Energy Agency, which defines fossil fuel subsidies as measures that
reduce the effective price of fossil fuels below world market prices.</p><p> </p><p>The
International Energy Agency has a long-standing track record in systematically measuring
fossil-fuel subsidies using a commonly applied methodology. This definition was originally
developed with the European Commission and G20 EU Member States to respond to the
G20 commitment to phase out such subsidies.</p><p> </p><p>The government takes its
environmental responsibilities seriously, and recently published the Net Zero Strategy
on how the UK will deliver on its commitment to reach net zero emissions by 2050.
Pricing carbon (including through tax) is one of the most efficient tools for promoting
decarbonisation and already plays a key role in helping the UK achieve net zero emissions.
There are also a number of taxes, including the Climate Change Levy and Vehicle Excise
Duty, that are designed to encourage businesses and consumers to make greener choices.</p><p><em>
</em></p><p>The government keeps all taxes under review, and any changes are made
in the round at fiscal events.</p>
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